Bush to consider auto bailout under TARP plan
Amid congressional gridlock and a fading rescue bill, the Bush administration floated stepping in to avert a collapse of GM Chrysler and the UAW. GM and Chrysler warned of bankruptcy without aid as talks with the White House and Fed continued. Obama pressed for relief while lawmakers debated concessions and the use of TARP funds to stabilize the auto industry.
MENTIONED IN THIS ARTICLE
Washington
Congress
Bush Administration
U.S
General Motors
Administration
Federal Reserve
Greg Martin
George W. Bush
General Motors Corp
Chrysler LLC
Ford Motor Co
White House
Barack Obama
Dana Perino
Senate
United Auto Workers
Perino
Treasury Department
Obama
Angry auto union scorches Southern senators over bailout
UAW officials accuse Senate leaders from Kentucky Tennessee and Alabama of aiming to weaken the union to aid foreign automakers. The clash follows the House rejection of a 14 billion loan bill for GM and Chrysler and a Bush administration pledge to tap the 700 billion Wall Street rescue fund.
MENTIONED IN THIS ARTICLE
United Auto Workers
Detroit Three
UAW
General Motors Corp
Chrysler LLC
Bush Administration
Des
Wall Street
Senate
Mitch McConnell
Rky
Bob Corker
R-Tenn
Richard Shelby
R-Ala
Kentucky
Tennessee
Alabama
Ice storm leaves 1.25M without power in New England NY PA NH
An historic ice storm spread from Maine to Pennsylvania, leaving 1.25 million homes and businesses without power across seven states. Most outages were in New Hampshire Massachusetts Maine and New York as schools closed and roads grew slick. A 49 year old Danville New Hampshire man died of carbon monoxide poisoning after using a generator during outages. In Hampstead residents crowded gas stations as authorities warned of prolonged outages and dangerous conditions.
MENTIONED IN THIS ARTICLE
Oncord
N.H
New Hampshire
Massachusetts
Maine
New York
Pennsylvania
Bob Cott
Portland
Danville
Hampstead
Mark Cegelis
Evidence in Caylee case traced to missing toddler
Florida authorities say a child's skull found near Caylee Anthony's home likely belongs to Caylee, though DNA results will take seven to fourteen days. Defense attorney claims matches in measurements and hair color. Sheriff notes links to the home and grandparents' property amid ongoing ID confirmation.
MENTIONED IN THIS ARTICLE
Casey Anthony
Linda
Kenney Baden
Caylee
Orange County
Kevin Beary
Beary
Paterson faces Clinton seat amid Blagojevich scandal
New York Governor David Paterson will appoint a replacement for Hillary Rodham Clinton as U.S. senator, while the Illinois arrest of Rod Blagojevich raises scrutiny on the selection. Paterson stresses integrity and readiness to fundraise, noting politics will influence the decision in this two party era.
MENTIONED IN THIS ARTICLE
Albany
N.Y
Illinois
Rod Blagojevich
Hillary Rodham Clinton
New York
David Paterson
Clinton
Blagojevich
Barack Obama
Paterson
Errol Cockfield
Eliot Spitzer
Karl Sleight
New York Ethics Commission
Governors Targeted as Suspicious Powder Letters Grow
AP reports that more governors’ offices have received letters with suspicious powder, bringing the total to 36. All were postmarked in Texas and initial field tests show harmless powder, with FBI and Postal Inspection Service investigations continuing and potential prison terms for hoax letters.
MENTIONED IN THIS ARTICLE
Washington
Texas
Gover
Nors
FBI
Richard Kolko
The
Postal Inspection Service
Alabama
Alaska
Arizona
Colorado
Connecticut
Delaware
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