Administration says it’s still working on bailout
Published: December 16, 2008
The White House is downplaying any expectations that an auto rescue plan will happen soon.
Press secretary Dana Perino says the Bush administration is still working out details of the package and is “not going to be rushed into it.“
She says the White House wants to hear more from all those involved, including key lawmakers and those in the industry. She also says concessions will need to be made in exchange for a rescue package that reportedly could reach $15 billion for General Motors and Chrysler.
Perino says the goal is preventing a “disorderly bankruptcy.“



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