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Tuesday, May 21, 2024

Aid in Hand, Clock Ticks for Detroit

President Bush put the government into the daunting role of industrial oversight yesterday by grudgingly throwing a $17.4 billion lifeline to General Motors and Chrysler, a politically sensitive mission that President-elect Barack Obama will soon inherit.

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President Bush put the government into the daunting role of industrial oversight yesterday by grudgingly throwing a $17.4 billion lifeline to General Motors and Chrysler, a politically sensitive mission that President-elect Barack Obama will soon inherit.