Monday, June 1, 2009

GM to get $30.1 billion more in federal aid for bankruptcy

By Sharon Silke Carty

DETROIT — The U.S. government will invest an additional $30.1 billion in General Motors (GM) to finance its bankruptcy reorganization to be filed Monday, President Obama's auto task force said in a statement.

The government, which already has provided $20 billion in aid, says this will be the end of the taxpayers' financial support of GM..... bailout

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