Obama to talk on GM restructuring

President Barack Obama plans to announce his support for General Motors' restructuring plan at a noon appearance at the White House.

GM files for bankruptcy in Manhattan this morning.

The deal that will give U.S. taxpayers a 60 percent ownership stake in GM, and the government will infuse an additional $30 billion into the restructured company. A shakeup of the board of directors is part of the plan.

Albert Koch has been appointed restructuring czar for General Motors.

Later, Obama will visit the National Naval Medical Center in Bethesda, Md., a Washington suburb.

FOXNews

Obama to address GM bankruptcy on Monday

Washington Post - ‎7 hours ago‎

AP WASHINGTON -- President Barack Obama plans to announce his support for General Motors' restructuring strategy at a midday appearance at the White House. ...

Video: GM To File For Bankruptcy Today - Bloomberg Bloomberg

GM To File For Bankruptcy Monday - Obama Officials CNNMoney.com

Obama Saving GM Needed Dealmaker Team to Break It in Bankruptcy Bloomberg