US Steering GM Into Bankruptcy

06/21/2009 05:12 am ET | Updated May 25, 2011
  • David Cho, Peter Whoriskey and Kendra Marr Washington Post

The Obama administration is preparing to send General Motors into bankruptcy next week under a plan that would give the automaker tens of billions of dollars more in public financing as the company seeks to shrink and reemerge as a global competitor, sources familiar with the discussions said.

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