Auto bailout stalls, but talks continue into night

Auto Bailout Stalls Talks Continue Night - Politics, Business, Civil, History - Posted: 11th Dec, 2008 - 11:42pm

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Post Date: 11th Dec, 2008 - 11:42pm / Post ID: #

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Auto bailout stalls, but talks continue into night

Auto bailout stalls, but talks continue into night (AP)
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General Motors Corp. headquarters are shown through a doorway of an empty warehouse in Detroit, Wednesday, Dec. 10, 2008. General Motors is saving every cent it can, from shutting down escalators at night to cutting back on pens, as it fights to survive beyond the end of the year and until a friendlier Washington takes over. (AP Photo/Paul Sancya)AP - Labor, the auto industry and lawmakers bargained in unprecedented private talks in the Capitol Thursday night, struggling to salvage a $14 billion government bailout of the Big Three carmakers. "We're closer to agreement," Senate Majority Leader Harry Reid of Nevada said after several hours of talks, although he also said an accord remained elusive.



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