Congress

December 8, 2008 6:59 PM

Big Three auto bailout would put U.S. in driver's seat

The plan, which Congress is likely to consider later this week, would give the government authority over major decisions by the automakers. General Motors, Ford and Chrysler would have to report progress to Congress regularly and come up with a long-term restructuring plans by March 31. The government would also set executive pay. The companies couldn't own private aircraft.

Related content

Comments

Videos

More Videos

Sen. Edward Markey decries U.S. opioid ‘crisis’ in hearing for new FDA chief 02:38

Sen. Edward Markey decries U.S. opioid ‘crisis’ in hearing for new FDA chief

What's the big deal with Kevin McCarthy? 01:53

What's the big deal with Kevin McCarthy?

Obama lays a wreath at Hiroshima Peace Memorial Park 02:18

Obama lays a wreath at Hiroshima Peace Memorial Park

President Obama thanks military members in Hiroshima, Japan 07:43

President Obama thanks military members in Hiroshima, Japan

"We are not bound to repeat the mistakes of the past," says Obama in Hiroshima 17:13

"We are not bound to repeat the mistakes of the past," says Obama in Hiroshima

Donald Trump faces tough terrain in Washington state 00:46

Donald Trump faces tough terrain in Washington state

In Hiroshima, no expectation of apology from Obama 02:21

In Hiroshima, no expectation of apology from Obama

The Threat of Antibiotic Resistance 01:29

The Threat of Antibiotic Resistance

Young Bradenton entrepeneurs discuss government's role in the economy 02:02

Young Bradenton entrepeneurs discuss government's role in the economy

Visitors pay respects at Vietnam Veterans Memorial 01:15

Visitors pay respects at Vietnam Veterans Memorial

Americans agree, it's time for Obama to visit Hiroshima 02:27

Americans agree, it's time for Obama to visit Hiroshima

Share Video

Politics & Government Videos