Obama's plan to save GM: bankruptcy, $30 billion

Mon Jun 1, 2009 12:02 PM EDT

By David Espo, AP Special Correspondent (Clipped by Real World Engineer)

President Barack Obama pushed a humbled General Motors Corp. into bankruptcy on Monday and said the federal government will act as "reluctant shareholder" when it assumes a 60 percent ownership of the smaller carmaker that emerges.

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business, us, gm, politics, obama, barack-obama

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Sotomayor meets White House aides

Seeded on Mon Jun 1, 2009 12:00 PM EDT (msnbc.com)

The Supreme Court nominee is said to be finalizing the answers to her Senate questionnaire and getting ready for one-on-one visits with key senators.

washington, white-house, politics

GM workers feel powerless amid huge changes

Seeded on Mon Jun 1, 2009 9:19 AM EDT (msnbc.com)

General Motors Corp. workers across the nation were beginning to deal with the automaker's historic bankruptcy filing Monday and the effect on their plants and lives.

business, autos, associated-press

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