Archive for December 18th, 2008

GM, Chrysler close in on deal for US loans: sources (Reuters)

Written by on Thursday, December 18th, 2008 in Latest News.

Hummers are displayed on a sales lot in Troy, Michigan, June 4, 2008. (Rebecca Cook/Reuters)Reuters – General Motors Corp and Chrysler LLC made significant progress late Thursday on a deal to secure emergency loans as part of a U.S. government aid package, sources familiar with the talks said.

Original post by Reuters and software by Elliott Back

Schwarzenegger to veto Democrats’ budget plan (AP)

Written by on Thursday, December 18th, 2008 in Latest News.

Senate President Pro Tem Darrell Steinberg, D-Sacramento, left and his communications direction Jim Evans, right , listen to a question at the rear of senate chambers, Thursday, Dec. 18, 2008, in Sacramento, Calif. before voting on legislation that would raise state taxes in order to close a growing budget gap in the state. (AP Photo/ Robert Durell)AP – Democratic lawmakers on Thursday pushed through an $18 billion package to reduce California’s burgeoning budget deficit, but Gov. Arnold Schwarzenegger said he would veto it because it didn’t meet his demands for an economic recovery plot.

Original post by AP and software by Elliott Back

SACRAMENTO — Just when it looked like Democrats had devised a way out of their suffocating impasse with Republicans over the state budget, Gov. Arnold Schwarzenegger stepped in Thursday afternoon with this message: Not so quick.

Original post by AFP and software by Elliott Back



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