WASHINGTON (AP) - Tomorrow's a big day for President Barack Obama, as he signs the $787 billion stimulus bill. It's also the day U.S. automakers submit their viability and
loan payback plans.
loan payback plans.
Obama plans to appoint a government panel to oversee the auto restructuring. A senior administration official says a presidential task force will direct the restructuring of General Motors and Chrysler.
Treasury Secretary Timothy Geithner and National Economic Council Director Lawrence Summers will lead the panel. Obama's focus Wednesday will shift to the housing crisis. He'll
go to Phoenix, where it's expected he'll offer help to homeowners on the brink of foreclosure.
go to Phoenix, where it's expected he'll offer help to homeowners on the brink of foreclosure.
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