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White House weighs options for auto bailout amid stalled Congress
Senate GOP demands concessions halt bailout, prompting White House to explore uses of the 700 billion Troubled Assets Relief Program and Fed loan avenues. Critics urge against bypassing Congress while officials weigh leverage, timing, and collateral concerns for GM, Ford, and Chrysler.
MENTIONED IN THIS ARTICLE
Senate Republicans
United Auto Workers
Capitol Hill
White House
Administration
Treasury Department
Congress
Gattuso
Bush
Treasury
Henry
Paulson
Fed
Federal Reserve
Ben Bernanke
Detroit
Bernanke