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Archive Home > 2008 > December > 12 > Rescue effort collapses in Senate

Rescue effort collapses in Senate

Republicans balk at $14B lifeline; pressure now on White House, Fed

By David M. Herszenhorn / The Bulletin
December 12, 2008

WASHINGTON — The Senate on Thursday night abandoned efforts to fashion a government rescue of the American automobile industry, as Senate Republicans refused to support a bill endorsed by the White House and congressional Democrats.

The failure to reach agreement on Capitol Hill raised....

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