WASHINGTON (AP) -- Treasury Secretary Henry Paulson has told Congress the administration remains firmly opposed to dipping into the government's $700 billion financial bailout fund to provide the Big Three automakers the $25 billion rescue they are seeking.
Paulson appeared before a House committee as chances for the auto bailout bill were fading in the current lame-duck session.
The secretary said that the $700 billion plan enacted by Congress in October did not envision the program to be used for non-financial companies.
And he suggested that Congress look for other ways to help the battered industry.
Can't Find Something?
5727 Tokay Blvd., Madison, WI 53719
News Tips: 608-273-2727 or firstname.lastname@example.org