Obama extends short federal lifeline to GM, Chrysler

President Obama announced Monday that struggling automotive giants General Motors and Chrysler will be given a "limited" period of time to "restructure in a way that would justify an investment of additional taxpayer dollars." The federal government will give GM “adequate working capital” over the next 60 days to work in conjunction with the administration in developing a better recovery plan, he said.

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U.S. calls for conference on Afghanistan

The United States is calling for a conference on Afghanistan and the broader regional challenge to take place March 31, Secretary of State Hillary Clinton announced Thursday. Clinton made the announcement in her first address as secretary of state to the North Atlantic Council at NATO.

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