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Even Without Emission Language, Auto Bailout Has Tough Road Ahead

The House last night easily passed a compromise automaker bailout negotiated for days between congressional Democrats and the White House. The Democrats -- who

Jul 31, 2020
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The House last night easily passeda compromise automaker bailout negotiated for days between congressional Democrats and the White House. The Democrats — who had already given into White House demands that the $14 billion bailout cash be pulled from a previously approved $25 billion fund for retooling Detroit’s factories — also abandoned their insistence that the bill force the automakers to drop lawsuits against states trying to reduce tailpipe emissions.
Those lawsuits haven’t been successful, according to Daniel Becker, who heads the Safe Climate Campaign, but they have stalled state efforts to fight pollution and global warming. “It would be nice to end this process,” Becker said yesterday of the advantage of including the lawsuit language in the bill.
It might not be significant at all. Senate Republicans remain as opposed as ever to the Detroit bailout, and have threatened to kill the proposal in the Senate. What else can the Democrats fold on? We might soon find out.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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