U.S. Sen. Sherrod Brown on Wednesday, Nov. 19, criticized the Bush Administration, the Treasury Department and some in Congress for their refusal to support a Democratic bill calling for $25 billion in loans for domestic automakers.
The Ohio Democrat said failure to provide bridge loans to the Detroit Big Three automakers to help them avoid financial problems could lead to job losses for automakers and their suppliers and affect the pensions of retired autoworkers.
"If they don't receive assistance, auto suppliers, auto dealers, related industries in every state will soon feel the impact," Brown said.
To read the rest of this article, please click the source link above.
