Car wrangle looms in US bail-out

Leaders of the US Democratic Party, which now has a majority in both houses of Congress, have confirmed they are working on a car industry rescue plan.
Democrat congressman Barney Frank said his draft bill would include a $25bn (£17bn) loan for carmakers.



He said the money would come from the $700bn (£494bn) bail-out package already approved by Congress.
But US Treasury Secretary Henry Paulson said that the money was intended only for helping the financial sector.
He said on Wednesday the bail-out package had already "clearly helped stabilise" the financial system.
America's big three car makers - Ford, General Motors and Chrysler - have suffered huge falls in sales.

A vote upon the bill being put forward by Mr Frank, who is chairman of the Financial Services Committee of the House of Representatives, could come as early as next Thursday