Obama wants temporary aid for automakers

President-elect Barack Obama said Friday that he hopes there still will be a way to provide temporary assistance to keep the troubled U.S. automakers afloat.

A proposal to bail out the U.S. auto industry failed in the Senate on Thursday night.

"I am disappointed that the Senate could not reach agreement on a short-term plan for the auto industry," Obama said in a statement following Thursday night's defeat of a $14 billion bailout proposal, learn more about this here