Some storms are possible during the morning and afternoon on Tuesday. Damaging winds and flooding will be the main threats. With an already soaked ground, expect strong winds to easily bring down some trees.
NEW YORK (AP) - General Motors has filed for bankruptcy
protection as part of an Obama administration plan to shrink the
automaker to a sustainable size and give a majority ownership stake
to the federal government.
The fallen icon of American industrial might filed its Chapter
11 petition in New York on Monday. It marks the fourth-largest
bankruptcy in U.S. history and the largest for an industrial
GM's reorganization plan will rely on up to $30 billion of
additional financial assistance from the Treasury Department.
That's on top of the $19.4 billion in taxpayer money GM already has
received in the form of low-interest loans.