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Published: November 20, 2008
Crucial auto bailout vote in US Congress postponed
By KEN THOMAS and JULIE HIRSCHFELD DAVIS - Associated Press Writers
WASHINGTON - The $25 billion rescue plan for the auto industry, desperately sought by the beleaguered Detroit Three, collapsed Thursday as Congress drew the line at one more bailout and Democrats said they wouldn't even consider it until the companies produced a convincing plan for rebuilding their once-mighty industry. The demise of the rescue — at least for now — left uncertain the fate of General Motors Corp. ...
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