CURRENT NEWS ITEM: DEMOCRATS PROPOSE $25 BILLION IN LOANS FOR CARMAKERS

TOP - 50 RELEVANT BREAKING NEWS

1. Bush wants $25 billion in loans released to carmakers

   WASHINGTON -- The White House on Friday threw its support behind a plan to speed release of $25 billion in existing loans to the Big Three automakers but rejected a Democratic proposal to use money from a financial bailout to help the troubled industry.

2. UNITED STATES: Senate Democrats propose $25 billion auto rescue

   Congressional Democrats proposed a 25 billion dollar loan program to rescue US automakers, with millions of jobs and more than a century of iconic brands riding on the outcome. The Bush administration has opposed the package.

3. Democrats Set to Offer Loans for Carmakers

   Congress is expected to hold a vote on the short-term rescue plan for American automakers in a special session next week.

4. U.S. Extends $38 Billion In New Loans to AIG

   Turns out the $85 billion bailout loan for AIG wasn't enough.

5. Obama says he would act fast on $25 billion auto loans

   OREGON, Ohio/WASHINGTON (Reuters) - Democrat Barack Obama said on Tuesday that as president he would demand that up to $25 billion in government loans targeted for distressed U.S. automakers be distributed quickly.

6. Liberal Democrats propose action to tackle excessive drinking at home

   The Liberal Democrats in York are concerned that many people are suffering from alcohol misuse by drinking excessively at home, as opposed to going out to pubs and bars, due to the increased cost of social drinking.

7. Sweden guarantees $200 billion in bank loans to revive financial system

   The guarantee for the equivalent of $205 billion will cover "more or less all types of bonds, bank certificates and other loan obligations."

8. Rescue loans available to European carmakers

   German and French carmakers, which have asked the European Commission for €40bn in cheap loans, are eligible to tap their governments' banking rescue plans, according to government officials

9. EU carmakers closer to CO2 loans

   The European Union backs the idea of granting carmakers loans at attractive rates in the wake of global downturn.

10. Fed adds $21 billion to loans for AIG

    The American International Group has access to $144 billion in credit from the Federal Reserve under three programs, but its cash needs could grow even further.

11. Fed Adds $21 Billion to Loans for A.I.G.

    The American International Group has access to $144 billion in credit from the Federal Reserve under three programs, but its cash needs could grow even further.

12. Democrats Seek Help for Carmakers

    Congressional leaders said they were ready to push for emergency assistance in a lame-duck session, setting up one last showdown.

13. Democrats Propose $25B Cut of the $700B Bail Out Package for Big 3

    Democratic Congress open to setting aside $25 Billion from bailout fund for automakers but the Bush administration still skeptical of providing help.

14. Banks stand to make £3.9 billion from high lending rates on loans and mortgages

    Britain's high street banks stand to rake in billions of pounds from borrowers in a bid to shore up their shrinking balance sheets.

15. Big 3 carmakers beg for $25 billion as aid stalls

    Detroit's Big Three automakers pleaded with a reluctant Congress Tuesday for a $25 billion lifeline to save the once-proud titans of U.S. industry, pointedly warning of a national economic catastrophe should they collapse.

16. Big 3 carmakers beg for $25 billion, see US peril

    Detroit's Big Three automakers pleaded with Congress on Tuesday for a $25 billion lifeline to save the once-proud titans of U.S. industry, warning of a national economic catastrophe should they collapse.

17. IMF, Nordics pledge $4.6 billion loans to Iceland

    HELSINKI, Finland -- Four Nordic countries and the International Monetary Fund on Thursday pledged a combined $4.6 billion (euro3.64 billion) in loans to help Iceland recover from its economic meltdown.

18. Democrats' Stimulus Plan May Reach $700 Billion

    Facing an increasingly ominous economic outlook, President-elect Barack Obama and other Democrats are rapidly ratcheting up plans for a massive fiscal stimulus program that could total as much as $700 billion over the next two years.

19. Approved! IMF Loans Pakistan $7.6 Billion

    The IMF said first installment of $3.1 billion will be transferred immediately.

20. Democrats in House Plan a Package of Up to $500 Billion to Help States

    Speaker Nancy Pelosi said she hoped to deliver an economic recovery bill to President-elect Barack Obama when he takes office.

21. GM says it needs $12 billion loans by late March

    WASHINGTON -- General Motors Corp. said Tuesday it needs $12 billion in government loans to keep operating, telling Congress in a bluntly worded report that its collapse could have "severe, long-term consequences to the U.S. economy."

22. AUTOMOBILE INDUSTRY: Carmakers request $34 billion in state aid

    The three big US carmakers, Ford, General Motors and Chrysler, have asked for a combined $34 billion in government credit to revitalize their companies. Data shows U.S. auto sales fell for the 13th straight month in November.

23. Ailing Carmakers Return to Congress, This Time Asking for $34 Billion

24. General Motors seeks $18 billion in loans from Congress

    The automaker, which originally told lawmakers it needed $10 billion to $12 billion, says its situation is dire. General Motors Corp. formally asked Congress for as much as $18 billion in government loans, an increase from the $10 billion to $12 billion it told lawmakers it would need last month. GM said the company's situation was dire.

25. U.S. and China to provide $20 billion in loans to finance trade

    The United States and China will finance trade by developing countries amid a global crisis that has battered credit markets, U.S. Treasury Secretary Henry Paulson said in Beijing.

26. Angola: Credit And Saving Bank Loans Reach USD 3.8 Billion

    The global loan of the Credit and Saving Bank (BPC) has reached USD 3.8 billion so far, Angop learnt on Friday from the chairperson of the financial organisation's board of directors, Paixão Júnior.

27. White House, Democrats reach deal on $15 billion auto aid

    WASHINGTON (Reuters) - Democratic leaders and the White House reached a deal to provide billions of dollars in relief to the ailing U.S. auto industry, a senior congressional aide told Reuters on Friday.

28. Democrats Unveil $15 Billion Emergency Loan for Big Three Automakers

    Congressional Democrats and the White House yesterday settled on a plan to rush $15 billion in emergency loans to the cash-strapped Detroit automakers and were working into the night to resolve final disputes over the conditions the government should attach to the money.

29. Democrats Propose Loan Of $15B for Big Three

    Bush-approved bailout could pass this week as lawmakers work to resolve final disputes over conditions the government should attach to funds.

30. Bush, Democrats OK $15 billion for Big 3

    The White House and senior congressional Democrats reached an agreement on the outlines of a $15 billion taxpayer bailout plan for troubled Detroit automakers General Motors Corp. and Chrysler LLC.