Congressman Kanjorski wants specifics from auto industry
In a hearing on a bailout for the auto industry before the House Financial Services Committee, Congressman Paul Kanjorski (D-Penn.) asks Richard Wagoner Jr., chairman and CEO of General Motors, for the specific amount of money needed by GM and how long GM can last without government aid. Kanjorski says he wants the numbers so that Congress can take the appropriate amount of time to weigh whether or not to give the money. Wagoner gives vague answers, and Kanjorski presses him for more specifics. (2:46)
November 19, 2008
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