Bush Gives GM/Chrysler 17.4B Loan With A Single Sticking Point
Posted on December 19th, 2008 by Stuart O'Neill
George Bush came through with a 17.4 billion dollar loan to GM and Chrysler. $13.4 billion will come from TARP funds in December and January. $4 billion will be available in February assuming the Congress authorizes the second half of the original $700 billion rescue package.
[Here's the White House 'Fact Sheet' on the loan package. [...]
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Filed under: ABC News, Bush Admin, Congress, Credit Crisis, Economy, George W. Bush, In The News, Stuart O'Neill
