Jun 10th, 2009 - VOA News
Related topics:
An official with the U.S. Treasury Department's task force responsible for overhauling the American automobile industry has defended the $80 billion bailout effort to rescue General Motors and Chrysler, saying it helped prevent huge job losses. The testimony came at a Senate hearing Wednesday.
Related stories:
Hartford gets $3.4 bln TARP funds, to sell stock
Jun 12th, 2009 - Reuters
* Wins approval for U.S. Treasury bailout * Selling up to $750 mln common stock over time * Term of Allianz warrants to buy Hartford stock extended (Adds details on Allianz agreement...
Obama removes AmeriCorps's IG in spat with friend
Jun 12th, 2009 - Washington Post
WASHINGTON -- President Barack Obama says he has lost confidence in the inspector general who investigates AmeriCorps and other national service programs and has told Congress he is removing him from the position.
Lewis testifies before Congress New Mexico Business Weekly
Jun 11th, 2009 - bizjournals
Bank of America Corp. Chief Executive Kenneth Lewis told federal legislators Thursday that the government urged him to continue with plans to buy Merrill Lynch & Co...
FOREX-US dollar recovers vs euro after Russia Treasury comment
Jun 10th, 2009 - Reuters
* US dollar recovers after Russia Treasury comments * Higher risk appetite fades, euro, sterling retreat * Euro trades in broad $1.3952-$1.4145 range on Wednesday * Some doubts about strength of global recovery linger (Updates...
House 'cash for clunkers' plan to boost car sales
Jun 9th, 2009 - Washington Post
WASHINGTON -- The House on Tuesday approved a "cash for clunkers" bill that aims to boost new auto sales by allowing consumers to turn in their gas-guzzling...
Related videos from YouTube:
3:21US Auto Companies Ask for Money
The heads of the three US automakers say they need immediate financial help or their companies could collapse. They told a US Senate banking committee that a proposed $25 billion rescue plan would help keep them on their feet ...
4:08US Auto Industry Seeks 25 Billion Dollar Bailout
The economy has rocked a lot of major industries in the last few months, but few have been hit quite as hard as the US auto industry. Top executives from Detroit's big three automakers, GM, Ford, and Chrysler, went before Congress ...
10:54Obama: "Remaking America" - The Presidents CZARS breaking the Constitution - ACORN Rules
rule of law is gone, congressional oversight is gone, and soon private investment will be gone. So where will that leave us? It will leave us just exactly where the Obama Administration wants us, dependent on the government for everything ...
10:09davidsfarm oppinion on the bankruptcy of U S car makers
my thoughts on the big 3 auto companies future.
