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Bush Administration Considers Emergency Funds for GM and Chrysler

HeadlineOct 28, 2008

The Bush administration is examining a range of options for providing emergency financial help to spur a merger between General Motors and Chrysler. Reuters reports that the Treasury is considering at least a $5 billion package that could come in the form of direct capital injections and government purchase of loans. Congress has already given the automakers $25 billion in low-interest loans.

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