Jump-starting the auto industry

Senate Holds Hearing On Bailout Of U.S. Auto Indus
Chairman and CEO of General Motors Richard Wagoner, United Auto Workers President Ron Gettelfinger and Chairman and CEO of Chrysler LLC Robert Nardelli testify before the Senate Banking, Housing and Urban Affairs Committee about a proposed $34 billion federal bailout for the U.S. auto industry December 4, 2008 in Washington, DC. (Chip Somodevilla/Getty Images)
Midday Hour 1 for December 9, 2008
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Members of Congress are wrangling over details of a proposal that would help struggling U.S. auto makers.

The plan would require that the industry reinvent itself to survive - and that it pay back the government if it doesn't.

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