White House says aiding carmakers not intent bailout

Thu Nov 13, 2008 3:36pm GMT
 
Email | Print | | Single Page
[-] Text [+]

ANDREWS AIR FORCE BASE, Md (Reuters) - The White House said on Thursday it was not Congress' intent to use the $700 billion (470 billion pound) financial rescue package to help ailing U.S. automakers.

"That was not Congress' intent," Gordon Johndroe, a White House spokesman, told reporters travelling with President George W. Bush to New York. Bush was scheduled to speak about the financial markets and economy later in the day in New York City.

(Reporting by Tabassum Zakaria; Editing by Steve Orlofsky)

 
Zhu Zhu pet
Can I have one for Christmas?

The hottest toy in the U.S. this Christmas is an interactive hamster. It does not come from one of the major toy brands or from a movie but a small, seven-year-old company from Missouri.  Full Coverage 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos