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House Passes Auto Bailout Bill

by @ 9:00 pm on December 10, 2008. Filed under Auto Industry, Business, Economics, Politics

The House of Representatives has just passed the $ 14 billion auto bailout bill:

The House just passed the $14 billion Detroit Big Three autos bailout bill by a vote of 237-170, sending it to a Senate where approval is no slam-dunk, thanks to the promised opposition of leading Republicans.

The bill was overwhelmingly endorsed by Democrats (205-20) and strongly opposed by Republicans (32-150).

At this point, the Senate vote is scheduled for Friday, and you can bet there will be plenty of arm-twisting and log-rolling going on between now and then.

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