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    REPORT: January's Detroit Auto Show to be loaded up with political VIPs
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    After General Motors and Chrysler required a combined $80 billion in government assistance to keep their doors open, many speculated that Uncle Sam would want to keep a hand in the carmaking cookie jar. While it is debatable how much control (a lot) the White House and Congress have over the ...

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    Empire Strikes Back: White House calls out Edmunds on Clunkers story, Edmunds responds
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    The facts in the case of the White House versus Edmunds are essentially indisputable – but they are open for interpretation. The federal government's $3 billion Cash for Clunkers program generated 690,000 sales by providing $3,500 and $4,500 vouchers to car buyers who turned in their ...

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    REPORT: GM to declare bankruptcy before markets open, chief restructuring officer named
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    General Motors' bankruptcy endgame appears to be at hand, with word coming out that the automaker will indeed file for Chapter 11 protection early on Monday morning, which in turn is expected to trigger $30.1 billion in U.S. government loans. That funding will arrive on the heels of the $19.4 ...

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    BREAKING: Gov't. reportedly gearing up to push GM into bankruptcy as early as next week
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    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 ...

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    GM future hinges on success of new debt-for-equity swap offers
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    In addition to announcing the shuttering of Pontiac, General Motors has put forth a new offer to its bondholders to exchange $27 billion in claims for equity in the struggling automaker.As part of the plan, GM is offering its bondholders a 10% equity stake in the company, but worryingly, if 90 ...

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    BREAKING: Bush greenlights $17.4 billion Auto Rescue/Bailout package
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    President George W. Bush will doubtlessly be remembered for many things things, but his parting legacy may yet be his eleventh-hour pledge of $17.4 billion in low-interest loans to General Motors and Chrysler (Ford Motor Company has said it does not require relief at this time).The funding will ...

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    Bush looking into 'Orderly Bankruptcy' for Detroit, as opposed to...?
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    The House of Bush told reporters this morning that the administration is looking into an "orderly" bankruptcy for General Motors and Chrysler that would be part of an overall rescue package. One possible plan is to give the two automakers enough cash to make it through the next few months ...

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    WaPo/ABC News: 55% of Americans against auto bailout; Levin says possible deal tomorrow
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    55% of Americans are against a federal bailout of U.S. automakers. This, according to a Washington Post/ABC News poll of 1,003 randomly-selected adults nationwide that was conducted by phone last week between December 11 and 14 (we didn't get a call, did you?). 42% of those polled express support ...

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    DOW opens down sharply, President reconsiders tapping TARP funds
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    9:30 AM EST has come and gone and the Dow Jones Industrial Average has officially begun its trading day. As expected, the index dropped sharply after the opening bell, which was rung today by singer/actress Mandy Moore. Ms. Moore watched as before sound waves from the bell hit the other side of the ...

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    Auto Rescue/Bailout Bill ready to go, GOP could still block in Senate
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    Rescue, bailout, whatever you want to call it, the bill that would shovel about $15 billion in gov't loans to General Motors and Chrysler is being finalized as we speak. The stumbling block between Congressional Democrats and the White House has been the breadth of power that will be given to a ...

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    Meeting of the Minds: Big Three and Bush to talk on Tuesday
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    Bill Ford, Rick Wagoner and Tom LaSorda have been twiddling their thumbs since May waiting for the White House to confirm a date for the Detroit trio to meet with George Bush, the D.C. decider. Tentative times have come and gone, and as each one passed, the perception that the current ...

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