General Motors said it needed an $18 billion package in loans and line of credits and that it will cut jobs, factories, brands and executive pay.
03
4:20
December '08
02
22:38
December '08
General Motors said it needed $12 billion in loans and a $6 billion line of credit and that it will cut jobs, factories, brands and executive pay.
02
19:21
December '08
Ford told Congress that it wanted access to $9 billion in loans but that it could become profitable in three years if Detroit’s other two automakers survived.
02
18:53
December '08
Ford told Congress that it wanted access to $9 billion in loans but that it could become profitable in three years if Detroit’s other two automakers survived.
24
0:32
September '08
The Fed chairman and the Treasury secretary got a skeptical reception to their calls to enact the financial rescue plan quickly.
23
22:00
September '08
The Federal Reserve chairman and the Treasury secretary got a skeptical reception to their calls to enact the financial rescue plan quickly.
23
18:51
September '08
The Federal Reserve chairman and the Treasury secretary got a skeptical reception to their calls to enact the financial rescue plan quickly.
23
16:16
September '08
The Federal Reserve chairman and the Treasury secretary warned Congress that failure to act would have dire consequences for the economy.
23
15:35
September '08
The Federal Reserve chairman and the Treasury secretary warned Congress that failure to act would have dire consequences for the economy.
15
23:09
July '08
The Fed chief warned of the risks of a long slowdown and higher inflation as the president, speaking nearby, said the country’s economic pillars remained sound.