Chrysler was forced into bankruptcy protection Thursday but President Barack Obama insisted the troubled automaker could emerge as a stronger company through a partnership with Fiat.
The aim is for Chrysler to emerge from bankruptcy protection within 30 to 60 days by selling the automaker's principal assets to a new company.
Chrysler said most of its plants will be "temporarily" idled until the transaction is complete but workers would continue to be paid, dealerships would remain open and warranties would be honored.
Now that Justice David Souter has helped solve the mystery of whether anyone would retire from the Supreme Court this year, what's next? How will the executive and legislative branches of government set about filling a vacancy on the nation's highest court?
Justice David Souter is planning to retire after nearly two decades on the Supreme Court, but his departure is unlikely to change its conservative-liberal split.
President Barack Obama's first pick for the high court is likely to be a liberal-leaning nominee, much like Souter.
The White House has been told that Souter will retire in June, when the court finishes its work for the summer, a source familiar with his plans said Thursday night. The retirement is likely to take effect only once a successor is confirmed.
President Barack Obama called simulated drowning a form of torture on Wednesday, and defended his decision to end a practice used against terrorism suspects by the Bush administration.
Obama said the process, known as waterboarding, violated American ideals and was not appropriate even if it made getting information from suspected enemies easier.
"Waterboarding violates our ideals and our values. I do believe that it is torture," he told a news conference.
"That's why I put an end to these practices."
President Barack Obama told Americans on Wednesday his administration was working to "clear away the wreckage" of recession as he assessed his first 100 days in office and promised to keep up the whirlwind pace.
"We are off to a good start. But it is just a start ... I am pleased with our progress, but I am not satisfied," Obama said in an opening statement delivered at a televised White House news conference.
A budget pact reached on Capitol Hill would give an endorsement to President Barack Obama's agenda by his 100th day in office while putting off a series of difficult decisions on health care, global warming and taxes.
House-Senate negotiators on Monday night announced the agreement on a $3.5 trillion budget outline for 2010, with votes expected in the full House and Senate by Wednesday.Read More
In his high-velocity first 100 days, Barack Obama has sketched the outlines of a presidency of astounding ambition, which would remake the United States at home and transform its role abroad.
Yet the new president's agenda still faces tests of fire posed by a punishing economic crisis, the scheming of US allies and foes abroad and a poisoned political environment back home.
Everyone knows President Barack Obama can deliver a great speech, including the president himself, according to Senate Majority Leader Harry Reid.
The paperback version of Reid's book, "The Good Fight," is coming out May 5 with an epilogue called "The Obama Era." Reid said he was impressed when Obama, then a freshman senator from Illinois, delivered a speech about President George W. Bush's war policy.
Barack Obama, facing perhaps the trickiest political issue of his young presidency, is trying to appease his liberal base without losing control of a potentially volatile inquiry into George W. Bush administration's use of harsh interrogation tactics against terrorism suspects.
One step to the left or right could land him in political trouble.
Thirty years ago then-president Jimmy Carter installed solar panels on the White House roof to heat water for the staff eating area. He said it demonstrated the nation's move toward "true energy security and abundant, readily available energy supplies."