Going on now in Washington, D.C.: testimony before the Full Senate Committee on Energy and Natural Resources regarding plug-in vehicles. Specifically, the hearing is about S. 3495, the Promoting Electric Vehicles Act of 2010, and is intended to "receive testimony on policies to reduce oil consumption through the promotion of accelerated deployment of electric-drive vehicles." Hey, that sounds like it could be important.
According to The Washington Post, the White House is readying General Motors for a bankruptcy filing that could come as early as the end of next week. According to the paper, the proceedings would likely grant GM nearly $30 billion in additional federal loans, bringing taxpayer investments into the company to almost $45 billion.
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