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

Markets Eye Auto Bailout, Stimulus

The hearings on the auto bailout are over and this week Congress is getting to the details: the legislation. Having made some progress over the weekend in shaping an auto bailout package, The Post's Lori Montgomery reports that lawmakers could vote as early as tomorrow on a bill. The bill would include more oversight for the Big Three automakers, and top lawmakers are calling for new management, specifically at General Motors.

The overseas markets seem to like the news about the bailout and Obama's first outlines of a stimulus plan. The DJ Stoxx index is up 5.7 percent. In Asia, the markets closed sharply higher: Japan's Nikkei rose 5.2 percent and Hong Kong's Hang Seng rose 8.7 percent.

Check back here for updates throughout the day.

--Sara Goo

The Ticker is Twittering!

By Sara Goo  |  December 8, 2008; 7:17 AM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Bailout Humor From the Motley Fool
Next: Wall Street Opens Week Strongly

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