WASHINGTON — A key House Democrat is writing legislation that would send $25 billion in emergency loans to the beleaguered auto industry in exchange for a government ownership stake in the Big Three car companies.
House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid are pressing for quick passage of an auto bailout during a postelection session of Congress that begins Tuesday.
The legislation being drafted by Democratic Rep. Barney Frank, chairman of the Financial Services Committee, would dip into the $700 billion Wall Street rescue money approved by Congress last month for the auto aid. President Bush is cool to that idea, although the White House says he is open to helping the troubled industry.
Local News
November 12, 2008
4:45 p.m.: Democrats propose taking a federal stake in The Big Three
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Anderson man dies at Monroe Reservoir; 3 others arrested
Memorial Day weekend took a tragic turn Saturday evening as an Anderson man visiting Monroe Reservoir died. Three other Anderson men were arrested later that day following the death of Matthew Hosier, 29.
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Getting Together: Silence not golden for this library program
Certain rules govern almost all libraries: be quiet, don’t mar the pages and absolutely no food or drinks on the premises. But a small group of patrons wait until after hours, lock themselves in the back room of the Alexandria-Monroe Public Library, eat popcorn, drink soda and loudly scoff as they watch bad movies.
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Veteran receiving Bronze Star 68 years late
An Army veteran will be awarded a Bronze Star on Memorial Day — 68 years after he was originally supposed to receive it.
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Memorial Day activities set
For Memorial Day weekend, here’s a list of activities to participate in.
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Arrest Log: May 28
Arrests made by Madison County law enforcement on Saturday, based on Madison County Jail records. Charges are recommended by arresting officers, but are not final until the Madison County prosecutor reviews the case and files official charges.
- Conservation officers arrest Anderson boater on alcohol charge
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What's Where: May 28
Local activities are scheduled Monday.
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Handicapped murder convict alleges prison discrimination
Since October 2006, Donald Lock has been confined to a wheel chair because of a degenerative bone disease. He has spent time at correctional facilities throughout the state, but it wasn’t until he was transferred to Pendleton earlier this year that he said he felt his disability was ignored.
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Arrest log: May 27
The following arrest log appears in the Sunday edition of The Herald Bulletin.
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Parents at Little League say coach took money
Parents of the North Anderson Little League filed a complaint with police against a former coach who they say stole fundraiser money.
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