A federal report says the U.S. government will loan General Motors Corp. up to $5 billion more to make it through June 1, and Chrysler LLC could get up to $500 million more by April 30.
The report on the bank bailout program released Tuesday by a special inspector general says the money will be made available for working capital as both companies try to meet government restructuring demands.
GM already has received $13.4 billion in government loans, while Chrysler has received $4 billion.
By Gretchen Millich / Kevin Lavery, WKAR Radio News
(East Lansing, MI) – Supporters of public transportation visited state legislators in Lansing Tuesday to lobby for more investment in bus, light rail, commuter rail and high-speed rail systems in Michigan.
Business and local government leaders say the state could loose up to $120-million in matching federal funds starting next year, if the legislature does not increase state funding for public transportation.
Clark Harder is with the Michigan Public Transit Association.
Chronically failing schools would be supervised by a state-appointed turnaround specialist under terms of legislation introduced by two Michigan House Democrats.
Schools would be considered failing if a large majority of students don't meet proficiency requirements on standardized math and English tests. Schools also would have to fail to meet federal No Child Left Behind standards for four straight years.