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Bush offers loans to rescue auto industry

by Deb Riechmann

CITING danger to the national economy, the Bush administration came to the rescue of the US auto industry yesterday, offering US$17.4 billion in emergency loans in exchange for concessions from the deeply troubled...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200812/20081220/article_385247.htm"> Bush offers loans to rescue auto industry </a> by -- CITING danger to the national economy, the Bush administration came to the rescue of the US auto industry yesterday, offering US$17.4 billion in emergency loans in exchange for concessions from the deeply troubled... </p>