Congress sends White House auto aid proposal

JULIE HIRSCHFELD DAVIS
Associated Press
December 8, 2008

WASHINGTON – Congressional Democrats have sent the White House a draft of a roughly $15 billion auto bailout that’s expected to come to a vote this week. According to a draft obtained by The Associated Press, the measure would rush bridge loans to Detroit’s struggling Big Three and put an overseer chosen by President George W. Bush in charge of monitoring an auto industry restructuring.

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