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The White House has not supported U.N. Ambassador Susan Rice, who is under media scrutiny as a potential Cabinet appointee, a Republican campaign adviser said.
It's not often a passenger car is turned into a political football – but that is what has happened to GM's gas-electric, plug-in hybrid, the Chevrolet Volt.
Steven Rattner, President Barack Obama's former car czar, has agreed to pay New York state $10 million to settle two lawsuits over a pension kickback scheme.
New York Mayor Michael Bloomberg is moving about $5 billion of his personal fortune from the Quadrangle Group to a new investment firm, a spokesman said.
Steven Rattner is resigning as the Obama administration's top adviser on the auto industry, U.S. Treasury Secretary Timothy Geithner said Monday.
The U.S. government's strategy for overhauling General Motors Corp. includes a shakeup of GM's corporate culture, a top White House adviser said.
A U.S. investment firm run by Steven Rattner, who heads the White House's efforts to rescue the auto industry, is struggling for its future, observers say.
Some issues behind the U.S. housing collapse are also behind a stockpile of vehicles awaiting shipment to showrooms, a U.S. Treasury Department aide says.
The Obama administration's so-called car czar said Monday his focus remains on helping steer the Big Three U.S. automakers away from bankruptcy.
The U.S. government may be reluctantly forced to take control of major corporations including banks and carmakers, experts say.
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