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US Senate fails to reach deal on auto bailout: Reid

Last updated: 2008-12-11

US Senate fails to reach deal on auto bailout: Reid
2008-12-11

People
Harry Reid
Event
2008 U.S. Automaker Crisis
110th Congress
Source
(AFP)

WASHINGTON (AFP) - The US Senate on Thursday failed to reach a deal on a controversial multi-billion-dollar bailout for the beleaguered auto industry, Senate Majority Leader Harry Reid said.
"I'm terribly disappointed that we are not able to arrive at a conclusion," Reid said after lawmakers spent hours trying to hammer out a compromise over proposed federal loans for the Detroit automakers.
"We have tried very, very hard to arrive at a point where we could legislate for the automobile industry."

2008 U.S. Automaker Crisis 110th Congress
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