Big 3 making little headway in push for bailout - WKOW 27: Madison, WI Breaking News, Weather and Sports

Big 3 making little headway in push for bailout

WASHINGTON (AP) -- Congressional backers of $25 billion in emergency loans to the domestic auto industry are urging colleagues not to punish the Detroit's Big Three automakers for past mistakes.

  But the heads of the companies seemed to be making little headway in building support.

  The CEOs of General Motors, Ford and Chrysler are pressing their case for the bailout before the House Financial Services Committee, a day after sometimes confrontational testimony before a Senate panel.

  Committee Chairman Barney Frank, a Massachusetts Democrat, suggested the existence of a congressional bias in agreeing to help white-collar bankers but not blue-collar auto workers.

  But Alabama Rep. Spencer Bachus, an Alabama Republican, said the bailout would only "push the problem further down the path."

Powered by Frankly