Obama Boehner clash over fiscal cliff near deadline
In Washington, President Barack Obama and Speaker John Boehner exchanged barbed charges as clock winds down on year end tax rises and spending cuts. Boehner defends Plan B while Senate opposition grows, with talks hampered by deep political mistrust and looming budget reductions.
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Washington
Barack Obama
House
John Boehner
Obama
White House
Connecticut
Boehner
Ohio
Senate
Pentagon
Government to sell remaining GM stock by 2014 end
The Treasury will divest its remaining 19 percent GM stake by 2014 after a $50 billion bailout. GM plans to repurchase 200 million shares at 27.50 dollars each, funded from its cash balance, leaving the government with 300 million shares. The move aims to shed Government Motors stigma and boost sales perception.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Treasury Department
General Motors
Government Motors
Dan Ammann
Chrysler
Phillip Swagel
University of Maryland
Treasury
George W. Bush
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