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GM exec: bankruptcy not an option for industry
WASHINGTON - A top executive of General Motors Corp. said Wednesday bankruptcy isn't a viable option, as the United Auto Workers braced for a decision on contract concessions to the endangered Big Three.
People:Alan Mulally Christopher Dodd Arlen Specter Harry Reid Nancy Pelosi Activities:2008 Automakers Downturn
2008-12-03
Chrysler exec: failure could spark depression
WASHINGTON - A top Chrysler executive warned Wednesday that a carmaker collapse could send the economy spiraling into a depression, while the United Auto Workers agreed to new concessions for their companies.
Nations:U.S. People:Alan Mulally Christopher Dodd Arlen Specter Harry Reid Nancy Pelosi Barack Obama Activities:2008 Automakers Downturn
2008-12-03
Aid prospects darken for desperate US carmakers
WASHINGTON - Prospects dimmed on Monday for the $25 billion bailout that U.S. automakers say they desperately need to get through a bleak and dangerous December.
Nations:U.S. People:Arlen Specter Harry Reid Nancy Pelosi Barack Obama George W. Bush Activities:2008 Automakers Downturn 110th Congress Bush Admin.
2008-11-17
Gov't eyes plan to take ownership stakes in banks
Treasury Secretary Henry Paulson told international leaders on Sunday that isolationism and protectionism could worsen the spreading financial crisis. With a new trading week dawning, U.S. lawmakers urged quick action by the Bush administration on measures to make direct purchases of bank stock to help unlock lending.
Nations:France People:Nicolas Sarkozy Henry Paulson Arlen Specter Roy Blunt Robert Zoellick Nancy Pelosi Activities:Global Financial Crisis
2008-10-12
McCain says bailout plan needs greater oversight
SCRANTON, Pa. - Republican John McCain on Monday called for greater oversight of the Bush administration's proposed bailout of U.S. financial markets, saying the massive $700 billion plan being crafted by Treasury Secretary Henry Paulson needed broader supervision.
Nations:U.S. People:Sarah Palin Mitt Romney Henry Paulson Arlen Specter Joseph Biden Barack Obama Activities:2008 U.S. Financial Rescue US Election 2008
2008-09-22
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