House committee seeks auto bailout documents
WASHINGTON (AP) — A House committee asked the Obama administration Friday to release documents on the federal bailouts of General Motors Co. and Chrysler Group LLC, seeking more details on decisions that led to the auto industry bankruptcies.
“They negotiated, they reviewed and they approved every aspect of the Chrysler and General Motors reorganization,” Rep. Spencer Bachus, R-Ala., said of the White House. “We don’t know how the president’s auto task force reached its conclusion.”
The resolution, proposed by House Republican Leader John Boehner, R-Ohio, underscored the lingering resentment in Congress over the government’s work to push GM and Chrysler into bankruptcy. The House approved legislation Thursday pressing GM and Chrysler to restore closed dealerships while a House panel planned a two-day hearing on the bankruptcies next week.
The request to the White House, approved by the House Financial Services Committee on a voice vote, seeks information about the work of the Obama administration’s auto task force, the billions in federal aid to GM and Chrysler and reductions in benefits to Delphi Corp. workers and retirees.