Congress Close To Deal On Auto Bailout

December 5. 2008

President-elect Barack Obama

Congress via the Democrats is reportedly close to a deal to aid the U.S. auto industry, which is facing collapse. While some are against the deal, it is important to note, up to 3,000,000 people would lose their jobs in months if said business sector goes under.

With an estimated 10,000,000 Americans already out of work, this would obviously only add to a growing problem at a time the nation is already facing Wall Street woes.