Despite passage of bailout bill, two US states may need loans

Sunday, October 5, 2008 Despite the passage of a 700 billion USD bill by the United States House of Representatives on Friday and the Senate on Wednesday, two U.S. states may need loans totaling over 14 billion dollars. California and Massachusetts are seeking at least 7 billion dollars each from the federal government as loans. […]

Barack Obama presents rescue plan after GM declaration of bankruptcy

Monday, June 1, 2009 In a televised speech from the White House at 16:00 UTC today, President of the United States Barack Obama presented a reorganization plan following the 12:00 UTC announcement by General Motors that it had filed for bankruptcy and Chapter 11 protection from its creditors, the largest bankruptcy of a U.S. manufacturing […]