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Detroit Pleads for $25B in Federal Aid
Updated from Tuesday, Nov. 18
By Julie Hirschfeld Davis
WASHINGTON -- 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.
Millions of layoffs would follow their demise, they said, as damaging effects rippled across an already-faltering economy. ...
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