White House May Tap TARP to Bailout Auto Industry

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Republicans in the Senate killed the Big Three bailout last night. Now the Bush White House may be ready to do what it has said it would not -- help Ford, Chrysler and General Motors with some of the $700 billion originally appropriated for Wall Street. Today, Senator Chris Dodd of Connecticut stressed that the urgency in acting was not a matter of weeks but hours. Sudeep Reddy covers the White House for the Wall Street Journal.

Credits

Guest:
Sudeep Reddy - Wall Street Journal - @Reddy

Host:
Warren Olney

Producers:
Frances Anderton, Katie Cooper