The New York Times
Friday, December 19, 2008 -- 9:09 AM ET
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Bush Announces Deal to Stave Off Bankruptcy By Automakers
President Bush announced $13.4 billion in emergency loans to
prevent the collapse of General Motors and Chrysler, and
another $4 billion available for the hobbled automakers in
February, with the entire bailout conditioned on the
companies undertaking sweeping reorganization plans to show
that they can return to profitability quickly.
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