Senate fails to reach an agreement and abandons bailout bid

Friday, December 12, 2008

Republicans quashed the House bailout bill and proposed a tougher alternative.
With GM and Chrysler teetering on the edge, the Senate was split on party lines on a bailout bill. Senator Bob Corker (R-TN) proposed a plan that is very tough on automakers and workers. Among other things, the companies would be required to cut wages and benefits to the level of those offered by Japanese car companies in the US. Todd Zwillich of Capitol News Connection and Sarah Hewlett, reporter for Michigan Public Radio, give us an update.

Guests:

Sarah Hewlett and Todd Zwillich

Contributors:

Jesse Baker

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