Business: Putting Brakes on a Bailout

While Congress grows wary, bankers and workers may balk

The deal seemed all set when Treasury Secretary G. William Miller declared early in November that the Administration was, after all, prepared to back a $1.5 billion rescue fund for Chrysler. But now the outlook is a lot less sure. Opposition to Government aid is gaining ground, not only in Congress but also among the company's own bankers.

Last week the Senate Banking Committee upset the carefully stacked apple cart when it voted 10 to 5 not to approve the Administration's bill. That would have given $1.5 billion of federal loan guarantees, if...

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