Newsroom Headlines

  April 13, 2009 'Surgical' Bankruptcy Possible for GM The Treasury Department is directing General Motors to lay the groundwork for a bankruptcy filing by a June 1 deadline, despite GM's public

  April 10, 2009 U.S. Takes Hard Line with Automaker Creditors The federal government is taking an increasingly hard line with the creditors of General Motors Corp. and Chrysler LLC, trying to squeeze

  April 9, 2009 U.S. Releases Aid to Auto Suppliers The Treasury Department yesterday gave cash-strapped auto suppliers the green light to begin shipping parts with the promise that the government

  April 8, 2009 Analysis: Small Towns Reeling from Risky Deals Hundreds of small cities and counties across America are reeling from their reliance in recent years on risky municipal bond derivatives

  April 7, 2009 Connecticut AG Questions Steering $400 Million to Ratings Firms Connecticut Attorney General Richard Blumenthal said yesterday that he is investigating why a Federal Reserve Board

  April 6, 2009 Business Bankruptcies Continue to Climb as Defaults Increase The number of businesses seeking bankruptcy protection hit its highest level in more than two years in March, as the

  April 3, 2009 Legislation Introduced to Roll Back Business Bankruptcy Code Reforms As more businesses file for bankruptcy, Rep. Jerrold Nadler ( D-N.Y.) introduced a bill yesterday that aims to roll

  April 2, 2009 House Panel Moves to Delay Credit Card Rules until 2010 The House Financial Services Financial Institutions Subcommittee yesterday voted to delay implementation of credit card rules

  April 1, 2009 Congressional Hearings and Mark-ups Focus on Credit Card Protections and Consumer Fraud Prevention House committees today will be considering a number of pieces of legislation looking

  March 31, 2009 U.S. Threatens Bankruptcy for GM, Chrysler President Obama delivered an ultimatum to General Motors and Chrysler yesterday, telling them to adopt radical changes in short order or