Bush plays down bailout prospects for GM and Ford

Article Abstract:

President George W. Bush of the United States has announced that he would not be pleased if Ford Motor Co. and General Motors Corp. looked for a government financial bailout. The struggling automobile companies may seek bankruptcy protection amidst plant closings and layoffs.

Motor vehicles and car bodies, Government expenditures, Economic policy, Automobile industry, General Motors Corp., GM, Ford Motor Co., Bush, George W., F

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U.S. government may run deficit of $480 billion

Article Abstract:

The U.S. could see a budget deficit of $480 billion (441.12 billion euros) in the next fiscal year. The U.S. Congressional Budget Office said that the country will continue to have a budget deficit for the majority of the next ten years.

Forecasts, trends, outlooks, Economic aspects, Forecasts and trends, Budget, Budgeting, Budgets, Market trend/market analysis, Budget deficits

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Fannie criminal probe is launched: Justice Department action follows regulator's report on possible fraud

Article Abstract:

Fannie Mae is facing an investigation into alleged corporate fraud. The mortgage company is accused of manipulating its accounting and misleading regulators.

Legal issues & crime, Police Protection, Mortgage Bankers, Real Estate Credit, Mortgage Bankers and Brokers, Mortgage Bankers & Brokers, Mortgage and Nonmortgage Loan Brokers, Fraud, Company legal issue, Investigations, FNM, Mortgage banks, Federal National Mortgage Association

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