December 19th, 2008 // comments (0)

White House Rescues GM, Chrysler

The White House has come to the rescue of General Motors and Chrysler by providing them with low-interest loans, ABC News has learned.

Under the plan, which could be announced as early as this morning, the auto giants will be able to stay afloat into the new year.

The White House has been talking to the Obama team on its strategy, and the incoming Democratic administration has expressed no objections to the plan.

ABC News has the exclusive this morning…

Related:

• December 18, 2008 -- The Cost Of The 2008 Bailouts
• December 12, 2008 -- Auto Bailout Dies In The Senate
• December 10, 2008 -- Democrats Reach Auto Bailout Deal
• December 3, 2008 -- 6 In 10 Oppose Auto Bailout
• December 3, 2008 -- Big 3 Viability Proposals Released
• December 2, 2008 -- Big Three Back To Congress
• November 25, 2008 -- Graph: The Auto Industry Collapse
• December 4, 2009 -- CHRYSLER GOES ITALIAN
• March 16, 2009 -- 20/20′s Stossel Slams Bailout
• January 15, 2009 -- Senate To Vote On 2nd Bailout