The White House, particularly the US Treasury is targeting a bailout for the so called big 3 US automakers as it envisioned to rescue the big 3 out from bankruptcy. but the bush administration may utilize the taxpayers dollars to do the program.
One possible scenario: President Bush could loan money through early January, leaving it to the new Congress to try again to approve loans for the industry before the Jan. 20 inauguration of President-elect Obama.
The new Senate, which will be sworn in Jan. 6, will have at least seven additional Democrats, perhaps as many as nine, who are not now in office.
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