Bush 'considering' auto bankruptcy: The Bush administration has said it is seriously considering allowing struggling major US vehicle manufacturers to go bankrupt despite their plea for government aid.
Federal spending soars 25% before bailout: The government's spending commitments exploded by 25 percent in 2008, putting taxpayers more than $1 trillion in the hole even before the astronomical costs of the economic bailout were taken into account, according to an annual report released Monday by the White House.
GM Opens Eighth China Plant, Won't Add Further Capacity Soon: GM expects to boost China sales about 9 percent next year as it adds new models and an economic stimulus plan helps revive overall demand. Auto sales in China have declined in three of the past four months because of the global economic slowdown.
Credit-Card Users Feel Pain as U.S. Banks Reap Gain: Credit-card companies, facing an increase in defaults and a decline in consumer spending, are raising some rates, adding fees and cutting credit lines as the Federal Reserve makes the most sweeping changes to the industry in 30 years.
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