Geithner: Treasury To Provide More Money To GMAC - Reuters
09 May 2009 - 3:20AM
Dow Jones News
U.S. Treasury Secretary Timothy Geithner says the government
will provide "substantial support" to GMAC LLC, Reuters reported
Friday. Geithner told Reuters TV that it's likely GMAC will need
more government capital and that the Treasury Department will
provide it. Geithner also said the April jobs figures are somewhat
encouraging, and that he expects job loss in the U.S. to slow in
the second half of 2009.
Web site: www.reuters.com
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