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Automakers Get Second Chance To Pitch For Bailout

The CEOs of the Big Three automakers have returned to Capitol Hill where they sought $34 billion in loans and guarantees to stay afloat from sometimes-skeptical lawmakers, and offered plans that they said would keep the companies on track.

Economist Mark Zandi of Moodys Economy.com, who also testified at the same Senate Banking Committee hearing, said the companies will likely need between $75 billion and $125 billion to survive.

Copyright 2023 NPR. To see more, visit https://www.npr.org.

NPR News' Brian Naylor is a correspondent on the Washington Desk. In this role, he covers politics and federal agencies.

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Federal funding is gone.

Congress has eliminated all funding for public media.

That means $2.1 million per year that Connecticut Public relied on to deliver you news, information, and entertainment programs you enjoyed is gone.

The future of public media is in your hands.

All donations are appreciated, but we ask in this moment you consider starting a monthly gift as a Sustainer to help replace what’s been lost.