Automakers to submit plans for 25 billion loan package
Detroit's GM Ford and Chrysler present plans to restructure and seek concessions from workers to secure a 25 billion dollar bridge loan. They propose debt refinancing pay cuts and potential equity swaps while facing cash shortages and looming payments to UAW funds. Hearings set for this week as Congress presses for changes.
MENTIONED IN THIS ARTICLE
Washington
Detroit
Congress
General Motors Corp
Ford Motor Co
Chrysler LLC
U.S
General Motors
Ford
Chrysler
House
Nancy Pelosi
D-Calif
Senate
Harry Reid
D-Nev
Carl Levin
D-Mich
Pontiac
Saturn
Saab
Oldsmobile
Chrsyler
Robert Nardelli
Rick Wagoner
Alan Mulally
Mulally
Securities and Exchange Commission
United Auto Workers Trust
UAW
Nardelli
United Auto Workers
Jobs Bank
Court weighs power plant costs protecting fish
The Supreme Court weighs whether the Clean Water Act allows cost to shield 554 older power plants from upgrading cooling systems. Environmentalists and six states press for protections, arguing the law favors environmental safeguards. the Bush administration and utilities seek to cap mandated technology based on cost, potentially leaving many outdated plants with less protective options.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
US. Circuit Court of Appeals
Ogy
Bush Administration
Appeals
Environmental Protection Agency
EPA
Supreme Court weighs fee dispute over water rights
The Arkansas River clash between Colorado and Kansas, ongoing since 1902, returns to the Supreme Court over expert witness fees. Kansas seeks about 9 million dollars more, arguing the federal rule on witness costs should not apply to interstate disputes heard by the high court. Colorado defends the 163 thousand cap, while officials note the 40 dollar per day guideline is unreal.
MENTIONED IN THIS ARTICLE
Washington
Colorado
Kansas
Arkansas
Supreme Court
High Court
Stephen Six
Six
John Suthers
John Roberts
Roberts
Suthers
Congress
Anthony Kennedy
Stephen Breyer
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Calif
Dennis Mesa
GCCC
Oes Wenner
Gceccks
Garden City Community College
M&m
Indy
Frasier Furs
E. SC
Ulman
Western State Bank
Kansas Ave
Garden City