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Tipsheet

The Coming Auto Bailout, Round Two

House Speaker Nancy Pelosi is scheduled to meet with bigwigs from the Big Three automakers in Detroit today to discuss a forthcoming $50 billion loan program to help their struggling industry.
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This would likely be included in the second economic stimulus package Pelosi has been calling for and has signaled she would like to call Congress back to pass in a lame duck session.

Automakers already got a huge boost from Congress earlier this year in the form of $25 billion worth of credits to help them "retool" their cars to become more energy efficient.

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