WASHINGTON (AP) -- Bush administration officials say they're still looking at options on how to save the U.S. auto industry.
And a senior congressional aide says the White House and Treasury Department are in talks with Sen. Bob Corker, who's been been seeking big union concessions in exchange for any government rescue money.
President Bush tells CNN his administration is "considering all options" for helping the domestic auto industry. Bush says without prompt action, the already distressed economy could slide further into recession.
One option would use part of the $700 billion financial rescue fund to provide loans to the carmakers or using money from the fund as collateral for emergency loans.
But GOP conservatives are opposed to using that money to save any of the Big Three.
(Copyright ©2008 by The Associated Press. All Rights Reserved.)
