Auto Industry Aid in the Senate

By December 11, 2008Economy, Labor Unions

From CQ Politics, “Reid Seeking To Set Up Series of Senate Auto Bailout Votes“:

Senate Majority Leader Harry Reid was working Thursday to set up Senate votes on alternative approaches to an auto industry bailout. But he wasn’t making much headway.

Reid, D-Nev., huddled with Minority Leader Mitch McConnell , R-Ky., attempting to work out a unanimous consent agreement on a limited number of full alternatives.

If that effort fails, Reid warned, he will make one effort Friday to proceed to a shell bill (HR 7005) that would be the vehicle for action, and toss in the towel if he is blocked in that attempt.

Senate Republican Leader Mitch McConnell made his opposition clear in a floor statement this morning, listing his specific objections. He argued for an amendment sponsored by Sen. Bob Corker (R-TN).

Text of the Corker amendment is here. Corker made the case in a Detroit News op-ed today, “Loan conditions must fix automakers’ problems.”

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