Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Big Three Asking Congress For More Money

The heads of Detroit's (former) Big Three automakers -- GM, Ford and Chrysler -- are set to meet with House Speaker Nancy Pelosi (D-Calif.) and other congressional leaders today at around 4 p.m.

What they want: More money.

How much they want: At least another $25 billion in direct loans on top of the $25 billion that was approved last month but is slow in arriving.

Detroit would use the money to retool factories to build more fuel-efficient vehicles -- essentially, turning SUV plants into hybrid car plants.

Here's a good summary of the issue from The Post's Kendra Marr and Lori Montgomery in today's paper.

Pelosi plans to address the media following the meeting this afternoon. Check back here to see what she says.

-- Frank Ahrens

The Ticker is Twittering!

By Frank Ahrens  |  November 6, 2008; 12:10 PM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Nov. 6, 2008
Next: CBO's Orszag to White House?

No comments have been posted to this entry.

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company