Senate Cancels Vote on the Doomed Auto Bailout

By: AP
By: AP

WASHINGTON (AP) _ Senate Democrats have scrubbed what was
expected to be a showdown vote Thursday on a plan to get U.S.
automakers out of the ditch.
Majority Leader Harry Reid says the Treasury secretary already
has the power to help but ``just doesn't want to.'' Reid says he
wanted to figure out some way to help Detroit's struggling Big
Three but that efforts to do so had stalled.
The White House and congressional Republicans rejected a plan by
Democrats to dip into the $700-billion Wall Street rescue fund to
finance loans to U.S. automakers.
A bipartisan group from auto industry states is working to cut a
deal on a scaled-down aid package. Reid says if agreement can be
reached, the Senate could still vote on it as part of a measure to
extend jobless benefits.


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