GM repays 8.1 billion in government loans signaling recovery
General Motors announced repaying 8.1 billion to U S and Canadian governments at the Fairfax Assembly Plant in Kansas City Kansas as part of a plan to return to solvency amid ongoing investments 257 million at two factories to preserve jobs and build the next Malibu. The White House calls bailout progress a sign of recovery alongside Chrysler profits.
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High tech redesign for the $100 bill announced
Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner unveiled a high tech makeover to outpace counterfeiters. The updated C note keeps Benjamin Franklin but adds a disappearing Liberty Bell in an inkwell and a blue security ribbon with tiny lenses. The new bill enters circulation February 10 next year after public education efforts.
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