{"id":11430,"date":"2009-02-24T11:04:35","date_gmt":"2009-02-24T11:04:35","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/us_pressed_to_add_billions_to_bailouts\/"},"modified":"2009-02-24T11:04:35","modified_gmt":"2009-02-24T11:04:35","slug":"us_pressed_to_add_billions_to_bailouts","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=11430","title":{"rendered":"U.S. Pressed to Add Billions to Bailouts"},"content":{"rendered":"<p>The government faced mounting pressure on Monday to put billions more in some of the nation\u2019s biggest banks, two of the biggest automakers and the biggest insurance company, despite the billions it has already committed to rescuing them.<\/p>\n<p>The government\u2019s boldest rescue to date, its $150 billion commitment for the insurance giant American International Group, is foundering. A.I.G. indicated on Monday it was now negotiating for tens of billions of dollars in additional assistance as losses have mounted.<\/p>\n<p>Separately, the Obama administration confirmed it was in discussions to aid Citigroup, the recipient of $45 billion so far, that could raise the government\u2019s stake in the banking company to as much as 40 percent.<\/p>\n<p>The Treasury Department named a special adviser to work with General Motors and Chrysler, two of Detroit\u2019s biggest automakers, which are seeking $22 billion on top of the $17 billion already granted to them.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2009\/02\/24\/business\/24bailout.html?hp\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government faced mounting pressure on Monday to put billions more in some of the nation\u2019s biggest banks, two of the biggest automakers and the biggest insurance company, despite the billions it has already committed to rescuing them. The government\u2019s<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=11430\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,616,151,667,583,596,669,598,594,584,668],"tags":[],"class_list":["post-11430","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-office-of-the-president","category-politics-in-general","category-president-barack-obama","category-the-2009-obama-administration-bank-bailout-plan","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-national-deficit","category-the-possibility-of-a-bailout-for-the-u-s-auto-industry","category-the-september-2008-proposed-henry-paulson-700-billion-bailout-package","category-the-u-s-government","category-treasury-secretary-timothy-geithner"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11430"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11430\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}