WASHINGTON (CBS News) ― A $14 billion emergency bailout for U.S. automakers collapsed in the Senate Thursday night after the United Auto Workers refused to accede to Republican demands for swift wage cuts. The proposal failed in a 52-35 procedural vote, reports CBS News Capitol Hill producer John Nolen. It needed 60 votes to move forward. The collapse came after bipartisan talks on the auto rescue broke down over GOP demands that the United Auto Workers union agree to steep wage cuts by 2009 to bring their pay into line with Japanese carmakers. Read more at CBS4Denver...
Friday, December 12, 2008
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