Automakers to get 17.4 billion - WLOX.com - The News for South Mississippi

Automakers to get 17.4 billion

WASHINGTON (AP) - The federal government will provide $17.4 billion in short-term financing to the troubled U.S. automakers. A senior administration official, speaking on condition of anonymity because of the sensitivity of the issue, said $13.4 billion in short-term financing will be drawn from the $700 billion Wall Street rescue program, with another $4 billion to be added later. (Copyright 2008 by The Associated Press. All Rights Reserved.)
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