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Obama low key but active in auto rescue talks
WASHINGTON - Even while publicly sidelining himself, President-elect Barack Obama was active behind the scenes during congressional debate this past week over an auto industry bailout.
People:Christopher Dodd Dick Durbin Barack Obama John McCain George W. Bush Activities:Obama Admin. 2008 Automakers Downturn Source:(AP)
2008-11-22
Obama keeps low profile in auto rescue talks
WASHINGTON - While President-elect Barack Obama publicly sidelined himself during congressional debate over an auto industry bailout this week, he and his top aides quietly prodded congressional leaders to find a solution to rescue struggling automakers. Obama personally talked to congressional leaders, while his new chief of staff, Rahm Emanuel, and congressional liaison, Phil Schiliro, were routinely dialed into conference calls to discuss the status of negotiations.
People:Christopher Dodd Dick Durbin Barack Obama John McCain George W. Bush Activities:2008 Automakers Downturn Source:(AP)
2008-11-21
Fed sees economic woes persisting into next year
WASHINGTON - Pounded by a fierce financial crisis, the country is sinking deeper into economic despair and is likely to be in the hole well into next year, forcing more Americans into the ranks of the unemployed.
Nations:U.S. People:Christopher Dodd Henry Paulson Harry Reid Activities:2008 Automakers Downturn 2008 Global Recession
2008-11-20
Shelby favors changing automaker management teams
WASHINGTON - The senior Republican on the Banking Committee said Wednesday he doesn't believe there will be a turnaround in the troubled U.S. auto industry until its top management is ousted and its manufacturing operations are revamped.
People:Richard Shelby Mitt Romney Alan Mulally Christopher Dodd Nancy Pelosi Barack Obama Activities:2008 Automakers Downturn 110th Congress
2008-11-19
Auto giants up against bailout fatigue
Washington - Financial support for the beleaguered US auto industry? In today's Washington, that may represent a bailout too far.
Nations:U.S. People:Christopher Dodd Henry Paulson Harry Reid Barack Obama Activities:2008 Automakers Downturn
2008-11-19
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