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New week, Obama White House looks for clarity. Developing...
GM FILES FOR BANKRUPTCY
The automaker asks for Chapter 11 protection Monday morning in the face of Obama administration's June 1 deadline to restructure. Federal government will take 60% ownership of the company, offer $30 billion in additional assistance. White House fact sheet here. Obama will speak about the move at 11:55 am ET. And: WSJ asks: "The question now facing 56,000 [...]
Geithner Reassures Chinese Creditors
Treasury Secretary promises China the U.S. will cut budget deficits, be able to repay its debts in speech at Peking University Monday. "Chinese financial assets are safe. We have the deepest, most liquid financial markets in the world." Also meets with President Hu Jintao, Premier Wen Jiabao and Vice Premier Wang Quishan during his trip. [...]
AG Ups Security for Abortion Docs
Holder orders increased protection for some individuals, facilities involved in performing abortions after Dr. Tiller's murder Sunday. Obama statement on the killing here. Plus: TIME on how Tiller's death might impact upon the abortion debate.
Obama Applauds Chrysler-Fiat Ruling
The president releases a statement Monday saying the court's decision will allow the automaker "a new lease on life." Read it here. Comes after a federal judge clears the automaker to exit bankruptcy by approving a sale of most of its assets to Italy's Fiat.
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Swampland
Right-Wing Reactions to Tiller Murder
Randall Terry, Operation Rescue: George Tiller was a mass-murderer. We grieve for him that he did not have time to properly prepare his soul to face God. I am more concerned that the Obama Administration will use Tiller's killing to intimidate pro-lifers into surrendering our most effective rhetoric and actions.  Father Frank Pavone, Priests for Life: I am saddened [...]
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