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Monday, Jun 5, 2023

House passes $25-billion loan package for auto industry

WASHINGTON — Acting with unusual speed and bipartisanship, the House of Representatives on Wednesday approved funding for a $25-billion loan program to help the auto industry build more fuel-efficient vehicles. The aid package enjoyed support from both parties because of its election-year importance to battleground states such as Michigan and Ohio, where many cars are manufactured. For the full story visit www.latimes.com/business/la-fi-auto25-2008sep25,0,5731349.story

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