Bailouts, Restructuring | featured news

House lawmakers hold their first hearing about how to restructure the mortgage system.

Sixteen months after they were seized to prevent collapse, companies remain wards of the state, running a tab that has now exceeded $125 billion.

The deal between General Motors and the Obama administration solves a problem that could have troubled the company’s plan for quick restructuring.

The government will likely hold a large share of G.M. after it emerges from bankruptcy, and the union will hold 17.5 percent through its health fund.

Members of the House Oversight Committee lash out against the bailed out insurer, as it cautiously presents its restructuring plan.

General Motors Corp. could get as much as $5 billion more in federal loans, while Chrysler LLC could get $500 million as they race against government-imposed deadlines to restructure, according to a government report filed Tuesday.