Auto Bailout Stalled Over "Czar" Role

2009

NOVEMBER 2009

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Today's Cheat Sheet

Dana Perino says "constructive discussions" are ongoing.

Sen. Chris Dodd wants Chrysler merger and new CEO at GM.

Auto Bailout Stalled Over "Czar" Role

With Congressional Democrats hoping for a vote as early as Tuesday, negotiations over the bailout of Detroit's Big Three automakers stalled this weekend as both sides of the aisle disagreed about oversight specifics, the Wall Street Journal reports. A $15 billion short-term financing deal appears acceptable to both parties but the White House is seeking a "Financial Viability Advisor" in the Department of Commerce who would divvy the dollars. That proposal would give more control to President Bush while Democrats would prefer to first issue the funds and then have President-elect Obama appoint a czar.

Read it at Wall Street Journal

Posted at 2:42 PM, Dec 7, 2008

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Business, Barack Obama, Wall Street Journal, President Bush, Automakers, Obama Transition, Detroit, Auto Bailout, Chris Dodd, Big Three

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