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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Autos Bailout Vote Underway In House

The House has begun voting on a bill that would provide $14 billion in nearly instant emergency bridge loans to Detroit's Big Three automakers.

GM and Chrysler said they would access their shares of the money right away. Ford said it doesn't need the money right now but reserves the right to tap it later if the economy worsens.

Check back here for the result of the vote as soon as it happens.

-- Frank Ahrens
The Ticker is Twittering!

By Frank Ahrens  |  December 10, 2008; 8:33 PM ET
Categories:  The Ticker  | Tags: Chrysler, Ford, GM, automakers, bailout  
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