Dow below 8,000 by the end of tomorrow?

Union balks and $14B auto bailout dies in Senate
Friday December 12, 12:29 am ET
By Julie Hirschfeld Davis and Ken Thomas, Associated Press Writers
$14 billion auto bailout dies in Senate after talks collapse over union wage cuts

WASHINGTON (AP) -- A $14 billion emergency bailout for U.S. automakers collapsed in the Senate Thursday night after the United Auto Workers refused to accede to Republican demands for swift wage cuts.

Article link: