Word: funds
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...tackle the complicated issue in a more comprehensive fashion. But even if a short-term fix of, say, $15 billion, is approved to keep Detroit going until the end of March, there is still disagreement over many details. Republicans want to take the money from a $25 billion modernization fund set up earlier this year, but environmentalists are adamantly opposed to such a move. And as House Speaker Nancy Pelosi's office pointed out, the companies factored in using at least $21 billion of those funds to get back on their feet in plans they submitted Tuesday to Congress...
Dodd has been given the unenviable task of coming up with a compromise bill in a matter of days before Congress adjourns for the year. One solution would be to divert the $25 billion from the modernization fund and then take $9 billion more from the bank-bailout funds. In this scenario, the Senate would pass the measure first, but whether such a move would pass the House is far from certain, as leadership from both sides of the aisle have voiced opposition to pieces of such a plan...
Many members were particularly wary about how Chrysler, which is controlled by a private-equity fund and has made no secret that it's shopping for a merger partner, will spend the money. "It troubles me a little bit knowing that basically all we're really doing is providing a little capital for y'all to hang around long enough to get married," said Republican Bob Corker of Tennessee...
...accede to India's public demands as an unwarranted admission of guilt. And any large-scale move against Pakistan-based militants could bring a sharp reaction on the streets. Zardari's government is in a particularly precarious position now that it has been forced to seek an International Monetary Fund bailout to avoid bankruptcy - the conditions attached to the IMF loan will force the government to rein in public spending, intensifying the hardships being suffered by much of the population and raising the likelihood of social instability...
...unwieldy for Congress, especially one that's a lame duck. The Executive Branch is better built to handle such talks, and the incoming Obama Administration is looking at all options: using money from the $700 billion Wall Street bailout, which many Democrats have been unsuccessfully arguing for; taking funds from the Federal Reserve; or tapping emergency money similar to the stabilization fund Treasury used in the 1994 Mexico bailout...