Auto bailout passes in House

Today a choice was made to pass the $14 billion bailout plan in the House, in Washington. The plan is to help bailout Detroit's "Big Three" motor companies. Democrats hope that the emergency aid bailout could happen by week's end. The White House, though it has not made a complete agreement with congressional Democrats, dispatched administration officials to Capitol Hill to make a case for the bailout. The plan would provide money within days to General Motors Corp. and Chrysler LLC, while Ford Motor Co. — which has said it has enough liquidity to stay afloat — would be eligible for federal aid as well.