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In the end, Obama couldn’t let GM fail

President Barack Obama couldn't let General Motors fail, but he won't concede he's taking over the company.

With a 60 percent equity stake in the carmaker and $50 billion…

Congress set to tackle health care reform

It's go time for President Barack Obama's promise to enact a sweeping health care overhaul this year.

First up as Congress returns from a weeklong recess: Sen. Edward M.…

Geithner: Obama will reduce deficits

Treasury Secretary Timothy Geithner sought to assure America's biggest creditors on Monday that the Obama administration is committed to attacking soaring budget deficits.

Facing skeptical students at China's prestigious…

General Motors goes bankrupt today

General Motors Corp., the century-old automaker battered by the economic downturn, mounting debt and management problems, will file for bankruptcy Monday.

It will be the largest industrial bankruptcy in…