WASHINGTON-The Bush Administration said Friday it would consider using money from the Wall Street bailout to aid domestic carmakers.
“Given the current weakened state of the U.S. economy, we will consider other options if necessary-including use of the TARP program-to prevent a collapse of troubled automakers,” White House spokeswoman Dana Perino said in a written statement, referring to the Troubled Assets Relief Program, which has sent billions of dollars to troubled financial firms. MORE
Bush, Treasury Will Prevent Auto Collapse
December 12, 2008