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Tuesday, December 2, 2008 - Page updated at 04:25 p.m.

UPDATE - 04:20 PM

Big Three survival bailout requests rise to $34B

Humbled and fighting for survival, Detroit's once-mighty automakers appealed to Congress with a retooled case for a bailout as large as $34 billion Tuesday, pledging to slash workers, car lines and executive pay in return for a federal lifeline. GM and Chrysler said they needed an immediate cash infusion to last 'til New Year's, and warned they could drag the entire industry down if they fail.

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