The insurance industry’s losses through President Obama’s health care law cannot be recouped with a bailout unless the U.S. Congress approves it, according to a release from the Government Accountability Office.
More than half of Texans said that the $50 billion taxpayer bailout of General Motors may deter them from buying from the company, according to a survey released Tuesday.
General Motors has shied away from promoting the Chevrolet Volt in 2013 as the federal government begins selling off its final shares of company stock, a move one expert said may have been made to avoid reminding the public of the federal bailout.
General Motors of Canada President Kevin Williams is warning that subprime loans could doom the auto industry just as it did the housing industry in 2007.
A conservative think tank that the Center for American Progress has accused of being a corporate shill slammed the liberal behemoth for its reported hypocrisy.
The Treasury Department announced Wednesday it will sell its remaining shares of Detroit-based automaker General Motors and the result will be a loss for taxpayers in the billions of dollars, Politico reports.
A French car manufacturer that is partially owned by the taxpayer-funded General Motors Company (GM) claims to have ceased its longtime business dealings with Iran, though experts have cast doubts on this claim.
The U.S. Treasury Department announced Tuesday it had sold its remaining shares of American International Group Inc. (AIG), ending the largest government bailout of the 2008 financial crisis.
The United States ranked 18th in a recent study on worldwide economic freedom, falling behind countries such as Finland, Chile, Mauritius, and Qatar.
The Obama administration has rebuked pleas from General Motors to sell off government shares to the automaker.