Bush OKs $17.4B auto bailout, with strings attached (Seattle Times)

In reluctantly tossing a $17.4 billion government lifeline to General Motors and Chrysler on Friday, President Bush ensured that the automakers would not fail in coming weeks, sparing the economy and his own legacy another potentially devastating blow. But his action leaves most of the tough decisions about the U.S. auto industry's future to President-elect Obama.

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by Yahoo Parachute News