Detroit's Big-Three automakers may have failed to convince the Congress last week to provide $14 billion in loans, but when there's a will, there's a way. In an unprecedented move, the Bush Administration granted GM and Chrysler LLC $13.4 billion in initial government loans to keep the companies from closing. The money that will be made available in December and January comes from the controversial $700 billion fund that was originally made to rescue struggling financial institutions. Furthermore, the two American automakers will receive an additional $4 billion from the fund in February according to a statement from the Bush Administration.
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