Paulson voices firm opposition to Big 3 bailout - WKOW 27: Madison, WI Breaking News, Weather and Sports

Paulson voices firm opposition to Big 3 bailout

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.

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