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Nov 19

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GM CEO Defends Auto Industry’s Bid for Government Aid

Auto industry executives testified before Congress Wednesday, asking lawmakers to provide aid to the struggling companies and responding to criticisms of poor management. General Motors' CEO Rick Wagoner discusses the industry's crisis and his company's case for government help.

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Nov 18

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Struggling Automakers Press Congress for Federal Aid

On Capitol Hill Tuesday, Ben Bernanke and Henry Paulson defended their economic rescue strategy and automakers made their case for federal aid. Senators detail the debate over using bailout funds to help automakers.

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Nov 12

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Paulson Says Bailout Funds May Not Be Used to Buy Troubled Assets

By PBS News Hour

Treasury Secretary Henry Paulson announced a major shift in the government's bailout program Wednesday, saying the $700 billion rescue package will not be used to purchase troubled assets as originally planned.

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Nov 12

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Democrats Press for Billions in Aid to Auto Industry

By PBS News Hour

Democrats continued to push for aid for struggling U.S. automakers, calling for Congress to act during its lame-duck session next week to give the industry a much-needed financial boost as it confronts weak sales and plummeting stock prices.

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Nov 06

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As U.S. Fiscal Woes Persist, Lawmakers Pledge More Aid

The U.S. economy continued to falter as markets sank sharply Thursday for the second consecutive day. A chief investment officer and a journalist discuss congressional plans to craft a stimulus package later this month and weigh efforts by lawmakers to…

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Apr 24

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Ford Posts Surprise $100M Quarterly Profit

By PBS News Hour

Ford Motor Co. surprised Wall Street Thursday when it announced a $100 million profit for the first quarter, marking the automaker's first profitable quarter since the spring of last year.

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Mar 13

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From Lending Rules to Job Woes, Economic Tumult Persists

Treasury Secretary Henry Paulson called for tougher rules for mortgages lenders Thursday, while investment fund Carlyle Capitol faced collapse after defaulting on $16 billion in debt as a string of new reports this week signaled continued weakness in the U.S.

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Feb 12

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GM Offers Employee Buyouts After $38.7 Billion in Losses

After announcing record annual losses Tuesday, General Motors said that it would offer buyouts for all 74,000 of its union employees -- allowing GM to hire lower-wage workers -- to help reduce costs. New York Times business reporter Micheline Maynard…

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Sep 26

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Autoworkers Union, General Motors Reach Tentative Deal

By PBS News Hour

The United Auto Workers union ended its two-day strike on General Motors early Wednesday with a tentative deal that includes a health care plan funded by GM but managed by the union.

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Sep 24

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Autoworkers, GM Continue Talks During Strike

United Auto Workers union-represented employees walked out of General Motors plants Monday in the first nationwide strike against a U.S. automaker since 1976. Two experts recount the day's events and the walkout's impact.

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