Sign up to The Irish Times Archive (1859 - 2008)My Account »
Mon 12 Dec 2008White House and Congress seek to finalise deal on rescue of car firms
WHITE HOUSE and US congressional negotiators sought yesterday to remove remaining differences over an emergency rescue for the auto industry, a wounded giant of the struggling US economy.
Prodded by shock US unemployment figures which showed the country shed more than half a million jobs in November alone, negotiators tried to forge an agreement in principle to provide "the Big Three" American car manufacturers with at least $15 billion (€12 billion) in short-term loans.
Choose a Subscription type - required
