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AP
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:
http://biz.yahoo.com/ap/081212/congress_autos.html