Should Congress approve a Big Three 'bailout' (federal loans package)?

US: Treasury rules out TARP funds for automakers

The Treasury Department last night insisted a $700bn bailout fund approved earlier by Congress was unlikely to be used to…

US: Automaker bailout bill rejected in Senate vote

A bill that would provide federal government aid to Detroit automakers passed its first hurdle in the House of Representatives…

US: Bailout bill heads for the House today

A $15bn Detroit Three bailout deal finally agreed between the Bush White House and congressional Democrats last night is headed…

US: GM staff lobby to keep CEO

General Motors staff have been lobbying Congress to keep CEO Rick Wagoner in charge of their beleagured employer. Some Republican…

US: Negotiations continue over auto bail-out

The Bush White House still needs assurances Detroit's automakers would survive after a $15bn federal bailout, it emerged last night.…