BAILOUT TALKS COLLAPSE

The $14 billion emergency bailout collapses in the Senate late Thursday, after UAW workers refuse GOP demands for swift wage cuts.

Sen. Reid: "We're not going to get to the finish. That's just the way it is. There's too much difference between the two sides."

TIME: They've "effectively handed the hot-button issue to the person they all believe should have dealt with it in the first place, President George W. Bush."

NYT: "A bruising defeat for President Bush in the waning weeks of his term, and also for President-elect Barack Obama..."

Politico: "It exposes [the GOP] to potentially devastating criticism that failure to compromise doomed the Big Three and deepened the economic recession."