• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / Business / Ryan: vote expected on auto loans

Ryan: vote expected on auto loans

December 9, 2008 By WRN Contributor

First District Congressman Paul Ryan supports a $15 billion loan package for the auto industry, in terms of money from the energy department that was approved earlier, but not given to the Big Three.

The Janesville Republican said it was a political hot potato between using the existing energy department money or money from the Treasury. Ryan says we shouldn't give them more than they're asking for though, and should avoid cutting through red tape to increase those amounts.

Ryan says there's great irony in the federal government, with its record of fiscal management, telling the auto companies they have to a better job, while dictating terms. He says it's an enormous industry that has an enormous impact on our part of the country and the major companies aren't likely to survive without help.

Ryan does not support allowing the auto companies to go the route of Chapter-11 bankruptcy, because of the doubt it would throw in their pension plans.

Ryan believes the compromise package will be voted on Wednesday.

AUDIO: Congressman Paul Ryan (MP3 :19)

Share this:

  • Facebook
  • Twitter

Filed Under: Business, Sports



Featured Stories

Pro-life groups condemn Kahl lawsuit to overturn 1849 abortion ban

Wisconsin politicians react as SCOTUS overturns Roe v. Wade

Republicans gavel in and out of special session to overturn Wisconsin’s abortion law

Juneteenth flag raised at Wisconsin Capitol

Gableman invokes 5th amendment, elections probe found in contempt in open records case

TwitterFacebook

Sports Headlines

Giannis breaks franchise scoring record, Bucks beat Nets in OT

Wisconsin’s Davis declares for NBA Draft

Badgers to face Arizona State in Las Vegas Bowl

Williams likely out for the season with broken hand

Packers releasing TE Jace Sternberger

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2022 · Learfield News & Ag, LLC