Search the Community
Showing results for tags 'futures'.
Dec. 11 (Bloomberg) -- The Senate rejected a $14 billion bailout plan for U.S. automakers, in effect ending congressional efforts to aid General Motors Corp. and Chrysler LLC, which may run out of cash early next year. “I dread looking at Wall Street tomorrow,” Majority Leader Harry Reid said before the vote in Washington. “It’s not going to be a pleasant sight.” The Bush administration will “evaluate our options in light of the breakdown in Congress,” spokesman Tony Fratto said. The Senate thwarted the bailout plan when a bid to cut off debate on the bill the House passed yesterda