White House Questions Viability of GM, Chrysler

President Barack Obama said Monday that neither General Motors nor Chrysler has proposed sweeping enough changes to justify further large federal bailouts.

Tough Deadlines for Chrysler, GM

The White House says neither General Motors nor Chrysler submitted acceptable plans to receive more bailout money, setting the stage for a crisis in Detroit that would dramatically reshape the nation's auto industry.

Money Minute: Money Markets; Deficit, Autos

The Federal Reserve is now allowing a range of money market investors - rather than just money market funds - to take part in a program aimed at bolstering the industry. The AP's James Limbach reports.

$14B Auto Bailout Dies in Senate

A $14 billion bailout for Detroit's struggling Big Three has died in the Senate. The collapse came after bipartisan talks on the auto rescue broke down over GOP demands that the labor union agree to steep wage cuts.

Chrysler Exec: Failure Could Spark Depression

A top Chrysler executive warned Wednesday that a carmaker collapse could send the economy spiraling into a depression, while the United Auto Workers agreed to new concessions for their companies.