Learning English - Words in the News 05 December, 2008 - Published 14:52 GMT US carmakers' gloom | ||||||||||||
Bosses of America's three biggest car companies face grilling in Congress over their request for a multi-billion dollar bailout. Yesterday they faced scepticism from US lawmakers as to whether the bailout would work. Jamie Coomarasamy reports: It was a long and frustrating day for the chief executives whose revised request for a multi-billion dollar loan was met with renewed scepticism by senators. Despite warnings of the impending collapse of General Motors and the view of the banking committee's chairman, Chris Dodd, that inaction was not an option, the six hour hearing ended without consensus. Some Senators echoed the sentiments of President Bush who warned in an interview against throwing good money after bad. On Friday the carmakers take their case to the House financial services committee. Its Democratic chairman, Barney Frank, has called on president-elect Obama to be rather more assertive on the issue than he has been so far. Jamie Coomarasamy, BBC News, Washington revised renewed scepticism impending collapse inaction an option without consensus echoed the sentiments of case called on assertive | Latest stories 27 May, 2011 Destruction of smallpox virus delayed 25 May, 2011 Micro-finance 'misused and abused' 20 May, 2011 Lonely planets 18 May, 2011 Germany to invest in more electric cars 16 May, 2011 Argentina builds a tower of books Other Stories | |||||||||||