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Obama seeks $50B in aid to automakers
President-elect Barack Obama is pushing Congress to approve as much as $50 billion in automaker aid this year, a move that would require President George W. Bush's support, people familiar with the matter said.
Obama's economic advisers are convinced that if General Motors Corp. doesn't get a financial lifeline soon, it will file for bankruptcy by the end of January. And if GM and other cash-starved...
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