The Obama administration says the government will lose less than 20 percent of the $80 billion used to bail out the U.S. automobile industry.
Congress’ independent budget agency says the cost to taxpayers of the contentious $700 billion financial rescue has dwindled down to $25 billion.
The Dow Jones industrial average lost 200 points, dipping below 11,000 for the first time in nearly a month.
The $700 billion U.S. bailout program launched in response to the global economic meltdown had a far greater impact overseas than other countries’ financial rescue plans did on the U.S., according to a new report […]
Speaking in Detroit on Friday, President Barack Obama heralded the recent turnaround for U.S. automakers, arguing that thousands of jobs and increased production vindicate his unpopular decision to bailout the industry.
Chrysler said Friday that it will add nearly 900 jobs at a factory in Metro Detroit and spare it from a planned closure. The decision is a show of optimism that consumers will embrace the […]
President Barack Obama is viciting the heart of the U.S. auto industry to push an important election-year claim: his administration’s unpopular auto industry bailout has turned into an economic good-news story.
President Barack Obama says the government will recover all the taxpayer money his administration used to bail out the auto industry last year.