DETROIT — When the word reached the Orion Assembly Plant, it spread along the serpentine assembly line like news of a death or natural disaster: General Motors, the biggest automaker in the world, had filed for bankruptcy protection.
It began with an emergency meeting one mid-September evening in 2008 with fewer than 20 of the nation’s most influential leaders on fiscal policy.
Kent Conrad, a North Dakota Democrat and Senate Budget Committee chairman, was among the elite group.
WASHINGTON (AP) — The Treasury Department on Thursday ordered seven companies that received billions of dollars in government bailouts to halve total compensation for their top executives. But the big reductions will not apply to pay earned before November.
WASHINGTON (AP) — In sheer size, the economic measures announced by President Barack Obama to address “a crisis unlike we’ve ever known” are remarkable, rivaling and in many cases dwarfing the New Deal programs that Franklin D. Roosevelt famously created to battle the Great Depression.
WASHINGTON (AP) — By turns wistful, aggressive and joking in the final news conference of his presidency, President George W. Bush vigorously defended his record Monday but also offered an extraordinary listing of his mistakes — including his optimistic Iraq speech before a giant “Mission Accomplished” banner in 2003.
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