Bailout Of Detroit Schools Moves Forward In LegislatureLegislators have 28 days to strike a deal before emergency aid previously approved for the district will run out.
Panel Considers $500 Million Plan For Detroit SchoolsMichigan lawmakers facing pressure to rescue Detroit's state-managed school district are at odds over how much to spend and other details.
Chrysler CEO Wants To Start Talks With UAW A Year EarlyMarchionne says big issue will be dealing with two-tier wage system.
Government Sells Another $811 Million In GM StockThe government is getting closer to selling all of its General Motors Co. stock.
Government Needs $95.51 Per Share To Break Even On GM Bailout"There's no question that Treasury, the taxpayers, are going to lose money on the GM investment," said Special Inspector General Christy Romero.
Feds Showing Little Enthusiasm For Detroit BailoutThere seems little appetite from either Democrats or Republicans in Washington for a federal rescue of the birthplace of the automobile industry.
Treasury To Sell 30 Million Shares Of GM StockThe U.S. government plans to sell another 30 million shares of General Motors stock in a public offering on Thursday as it speeds up efforts to divest itself from a stake in the auto giant that it got in a bailout four years ago.
General Motors To Buy Back 200M Government SharesGeneral Motors, trying to clear the stigma of being partly owned by the U.S. government, will spend $5.5 billion to buy back 200 million shares of its stock from the treasury.
Opinion: Mitt Romney's Bailout Double StandardRomney negotiated a $10 million federal bailout for his company, but has called for foreclosures to be allowed to "hit bottom" and letting Detroit go bankrupt.
President Obama Defends Auto Industry AidPresident Obama says those who opposed government aid to the auto industry are “rewriting history.”
Senate Hopeful Pete Hoekstra Faults Auto Bailout"Where this got all messed up is when the government and the executive branch started rewriting the rules (to) whatever they wanted," said Pete Hoekstra, one of several Republicans vying to take on Democratic incumbent Debbie Stabenow.
Car Czar: Gov't Should Hold On To Remaining GM StakePresident Obama's former car czar Steven Rattner,says the government should hang on to its stake in General Motors, even if it's not the politically expedient thing to do.