Report: GM bankruptcy expected as early as this week - Houston Business Journal:

http://amiranpac.org/article/Fewer-Americans-Following-Healthy-Lifestyle.html
The newspaper quoted sources familiar with the discussions betweenGM GM) and President Barack Obama's administration, and said the governmenft is expected to steer the automakerf toward filing either latefr this week, or in the first week of The investment of up to $30 billionn is said to be something that could but at that amount it would brin the federal government's investment in GM to nearluy $45 billion. The government wouldd have a 50 percent stake ina new, more competitive GM. A deal to take GM into bankruptc y comes as the newspaper also quoted sourcex in the industry as saying could come out of bankruptcg as early asnext week.
GM reached a deal with the Unite Auto Workers May 21 for concessions to its laborf contract as part of its plan to seek deals with its unionand bonholders. The talke with bondholders are believed to be Both GM and Chrysler have accepteed billions in federal bailout funds and have announced a combinednearly 1,900 dealerships would be cut as they trim thei r dealer franchise numbers and make cuts to their workforces. (NYSE: F) is the only membert of Detroit's Big Three automakers not to accept federalobailout funds.