{"id":9493,"date":"2008-11-09T04:30:17","date_gmt":"2008-11-09T04:30:17","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/pelosi_reid_urge_paulson_to_extend_aid_to_carmakers\/"},"modified":"2008-11-09T04:30:17","modified_gmt":"2008-11-09T04:30:17","slug":"pelosi_reid_urge_paulson_to_extend_aid_to_carmakers","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=9493","title":{"rendered":"Pelosi, Reid Urge Paulson to Extend Aid to Carmakers"},"content":{"rendered":"<p>Democratic congressional leaders urged Treasury Secretary Henry Paulson to use the $700 billion rescue bill passed last month to provide temporary aid to the U.S. auto industry.<\/p>\n<p>House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid sent a letter to Paulson today saying the rescue bill gives him &#8220;broad discretion to purchase, or make commitments to purchase, financial instruments you determine necessary to restore financial-market stability.&#8221;<\/p>\n<p>Pelosi was among the lawmakers who met two days ago with the chief executives of General Motors Corp., Ford Motor Co. and Chrysler LLC. The three companies are seeking $50 billion in federal loans to help them weather the worst auto market in 25 years, according to a person familiar with the matter.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=ae_Z7KnXm5jM&#038;refer=home\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Democratic congressional leaders urged Treasury Secretary Henry Paulson to use the $700 billion rescue bill passed last month to provide temporary aid to the U.S. auto industry. House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid sent a letter<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=9493\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,151],"tags":[],"class_list":["post-9493","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-politics-in-general"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/9493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9493"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/9493\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}