Officials called on the Bush Administration to help strapped US car makers. Democratic and Republican officials said taxpayers cannot repeatedly support business rescues. Republican Sen. Mel Martinez of Florida delivered important backing for those urging the Bush administration to use a recently launched $700B corporate rescue program to aid GM, Ford,and Chrysler with desperately needed cash.”Within the authority of that package, I think it’s possible for the secretary of the treasury to direct a loan to that — to those entities,” Martinez said. Martinez is a member of the Banking Committee, which oversees administration of the financing program.
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