The White House will help Detroit

According to reports (see this, this, this, this and this), the Treasury Depart will provide short-term relief to the auto industry and the White House will also consider using money allocated to the TARP program for this purpose. The New York Times reports that:

On Friday, Ron Gettelfinger, the president of the autoworkers' union, said he was heartened by the response from the White House and Treasury Department, telling reporters at a news conference, "We need action sooner rather than later."

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