3 Articles
Treasury reportedly says GM properly used escrow to repay loans

General Motors didn't use another government loan to pay off the much-celebrated $4.7 billion portion of its federal debt. According to a spokesperson with the Treasury Department cited by Bloomberg, the Detroit-based carmaker properly used funds from an escrow account to do the deed. The funds were available for the automaker to use in the event that it ran across any extraordinary expenses, but since the manufacturer decided i

President set to address automakers, again

It's official. We have lost count how many times the Bush administration has setup, canceled, rescheduled, canceled, postponed and told the big two-point-five that they'll call, then never do.

Indiana Republicans propose Biofuels Grant Program

This week, Indiana Republicans called for further incentives in the state to promote alternative fuels such as ethanol. House Speaker Brian Bosma, R-Indianapolis, with the support of the GOP, proposed the following: