Politics & Government

December 19, 2008

Will Bush's auto bailout work? We'll know by March

The program would provide Chrysler and General Motors with more than $17 billion in the next two months. Bush offered targets for the companies Friday, but not requirements, meaning that tough negotiations lie ahead among labor and auto company executives and officials in the incoming Obama administration. Even if they reach agreement, the fates of the Big Three automakers could well be out of their control.

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