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Stunned by the loss of 500,000 jobs, congressional Democrats and the White House reached for agreement Friday on about $15 billion in bailout loans for the beleaguered auto industry. President George W. Bush warned that at least one of the Big Three carmakers might not survive the current economic crisis.

link: (http://www.usatoday.com/money/autos/2008-1...)
submitted by: IceMan   Dec 6, 2008
category: News keywords: auto, cars, bailout, debt, money
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