White House pressured by lawmakers on auto bailout
White House faces pressure in Congress on auto industry bailout, still weighing options
Staff
AP News
Dec 17, 2008 06:39 EST
The Bush administration faces competing pressures from lawmakers in different congressional factions as it reviews its options for bailing out the downtrodden U.S. auto industry.
Conservative Republicans implored the White House not to use money from the $700 billion bailout for the financial sector to aid carmakers. A leading House Democrat, meanwhile, said the government should secure veto power over the companies' business decisions as part of any aid.
Bush administration officials said they were still evaluating options and attempting to avoid a disorderly bankruptcy of the companies while suggesting that concessions from all sides would need to accompany any deal.
"We're trying to do something that's responsible," said White House press secretary Dana Perino.
But a week after Congress failed to reach consensus on a $14 billion aid package for struggling General Motors Corp. and Chrysler LLC, several lawmakers pressed for an array of terms and conditions in any deal crafted by the White House, complicating matters.
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