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Senate Democrats, White House Scramble to Revive Bailout Bill

“We don’t need any more bailouts, we need accountability,” incoming House Minority Whip Eric Cantor (R-Va.) said. The federal government’s role should be “as a backstop, not as a player,” he said, rejecting the idea of a powerful new car czar who could order a restructuring.

Tim Taylor contributed to this report.

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