A small group of Chrysler's lenders on Tuesday raised further objections to the Obama administration's plan for a quick dash through bankruptcy and called on the judge overseeing the case to block the effort.
This week, the Obama Administration failed to push through a reorganization plan for Chrysler that would have, among other things, used government bailout money to give the United Auto Workers a majority stake in the company.
President Barack Obama and Democratic lawmakers reached agreement on Tuesday on a legislative proposal designed to stimulate U.S. auto sales, which have fallen to near 30-year lows.
President Barack Obama announced Tuesday his intent to nominated Inez Moore Tenenbaum as new chair of the Consumer Product Safety Commission (CPSC) and Robert S. Adler as a new commissioner of the agency, according to a White House’s statement
U.S. automaker Chrysler LLC won interim court approval on Monday to access a $4.5 billion bankruptcy loan from the U.S. and Canadian governments, pushing it further along toward its planned sale to Italy's Fiat SPA .
(Corrects reference to public bankruptcy in 5th para)
Israel's prime minister said on Monday he was ready to begin Israeli-Palestinian peace talks immediately but he made no reference to a Palestinian state, an omission that has dismayed Arab, European and U.S. officials.
The United States will persist for now with diplomatic overtures to Iran despite the lack of a positive response from Tehran, Defense Secretary Robert Gates said on Tuesday.
President Barack Obama chose a former South Carolina education superintendent to lead the Consumer Product Safety Commission and announced plans to increase the number of its commissioners, the White House said on Tuesday.
Negotiations in the U.S. House of Representatives on how to cut industrial pollutants that cause global warming reach a critical stage this week as President Barack Obama huddles with key lawmakers on Tuesday and Republicans ready for a fight.
About 10 of the 19 largest U.S. banks being stress tested will be instructed by regulators to raise more capital, according to a source familiar with official talks.
Chrysler won interim approval from a U.S. bankruptcy court to access a $4.5 billion loan as it tried to move ahead in its planned alliance with Fiat SpA, while the Italian automaker advanced its bid for General Motors Corp's European Opel brand.
President Barack Obama's administration will face a big test on fighting climate change when it seeks to determine if ethanol, the top U.S. alternative motor fuel, cuts greenhouse gas emissions.
The largest U.S. banks made the case to regulators on Monday that they have the financial firepower to withstand a deeper recession, as Bank of America denied a report it was trying to raise capital of $10 billion.
Chrysler asked the U.S. Bankruptcy Court on Monday for a swift hearing into its planned sale to Italy's Fiat SpA , eliciting immediate objections from some secured lenders.
Democrats in the U.S. House of Representatives will seek passage in coming weeks of $94.2 billion in emergency money for the wars in Iraq and Afghanistan and other programs, including $2 billion more to prepare for an influenza pandemic.
The Obama Administration on Monday detailed its plan of raising more than $200 billion over the next 10 years by curbing what it says are corporate loopholes that allow companies investing overseas to gain an unfair advantage over companies that invest in the U.S., mainly by deferring taxes on profits earned overseas.
A group of investment funds sought on Monday to block Chrysler's planned alliance with Fiat SpA, while the Italian automaker advanced its bid to overhaul the industry by setting its sights on Germany's Opel.
President Barack Obama vowed on Monday to overhaul tax policies that he said reward companies for shifting U.S. jobs overseas and that allow wealthy people to evade taxes using offshore accounts.
President Barack Obama on Monday proposed removing tax incentives that he says encourage U.S. multinational firms to ship jobs overseas.
Chrysler asked the U.S. Bankruptcy Court on Monday for a swift hearing into its planned sale to Italy's Fiat SpA, eliciting immediate objections from some secured lenders.
The United States' largest banks made their case to regulators on Monday that they have the financial firepower to withstand a deeper recession, as Bank of America denied a report it was trying to raise $10 billion.
