GM Shell Company Agrees to Set Up $773 Million Trust to Clean Up Abandoned Properties

The United States has reached an agreement with the Motors Liquidation Co — the part of General Motors that split off during bankruptcy and holds the company’s unwanted assets — to establish a trust to clean up 89 sites (many of which contain hazardous materials) that were abandoned when the More…

Bring Boring Back

In the wake of the Senate’s failure to pass the bailout for the “Big Three” automakers due to a threatened Republican filibuster, I’d like to expand on an excellent point made by Josh Marshall over at TPM.

What I do think makes sense is for the majority

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Obama Urges Administration and Congress to Keep Working on Auto Deal

President-elect Barack Obama released the following statement this morning on Congress’ failure to reach an agreement on a federal bailout for the “Big Three” auto manufacturers: