Obama Pleads for the Automakers, Chances for Passage Slim

Government and Economy Obama Calls for Auto Industry AidPresident-elect Barack Obama is appealing for passage of an auto industry rescue package. Obama: “The government can't just stand by and watch the industry collapse.” Murky Future for Auto RescueProspects for the $14 billion auto industry rescue package dimmed amid strong Republican opposition, despite urgent appeals from Congress, President-elect Barack Obama and the Bush White House. New Unemployment Surges UnexpectedlyNew claims for jobless benefits rose more than expected last week, one... [Read Full Article]