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Friday, October 23, 2020

White House Moves Toward Auto Bailout

The Bush administration yesterday moved to pull Detroit's automakers back from the brink, saying it would drop its opposition to tapping the $700 billion financial industry rescue package to help General Motors and Chrysler survive through year's end.

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The Bush administration yesterday moved to pull Detroit’s automakers back from the brink, saying it would drop its opposition to tapping the $700 billion financial industry rescue package to help General Motors and Chrysler survive through year’s end.

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