Obama’s Day: The president will offer his support for GM’s restructuring plan
By APMonday, June 1, 2009
Obama to address GM bankruptcy on Monday
WASHINGTON — President Barack Obama plans to announce his support for General Motors’ restructuring strategy at a midday appearance at the White House.
The struggling automaker files for bankruptcy protection Monday in a deal that will give U.S. taxpayers a 60 percent ownership stake in a new and leaner GM.
Later, Obama will visit the National Naval Medical Center in Bethesda, Md., a Washington suburb.
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