Top News

By Reuters: Top News GM, Chrysler considering bankruptcy to get bailout: report (Reuters) - General Motors Corp and Chrysler LLC are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multi billion dollar government bailout, Bloomberg reported, citing a person familiar with internal discussions. Obama names Richardson as Commerce Secretary CHICAGO (Reuters) - President-elect Barack Obama said on Wednesday struggling automakers have put forward a "more serious" restructuring proposal to Congress but withheld judgment on the plans until hearings are held. Europe poised to cut rates as global slump deepens TOKYO/ BEIJING (Reuters) - Central banks in Europe are poised to slash interest rates on Thursday to try to contain a global economic slump that appears to be spreading faster than policy makers in the industrialized countries had anticipated. Rice pushes Pakistan, seeks to curb India response NEW DELHI (Reuters) - U.S. Secretary of State Condoleezza Rice pressed Pakistan to cooperate fully in the probe into the Mumbai attacks but she also warned India against any action that could stoke regional conflict. Senate Democrats will pack plenty of muscle WASHINGTON (Reuters) - Senate Democrats will be able to do plenty over the next two years -- despite falling just short of their goal of winning a majority big enough to end Republican procedural roadblocks. Paulson said weighing bailout's next $350 billion CHICAGO/WASHINGTON (Reuters) - Treasury Secretary Henry Paulson is weighing whether to ask Congress for the remaining $350 billion of the financial bailout fund, with White House aides approaching President-elect Barack Obama's transition team about the idea, an Obama aide said on Wednesday. Arab-American hate crimes down after 9/11 WASHINGTON (Reuters) - Hate crimes against Arab Americans have decreased steadily since the September 11 attacks but are still more common than they were before the hijackings, a civil rights group said on Thursday. Ex-WorldCom chief Ebbers seeks clemency from Bush NEW YORK/WASHINGTON (Reuters) - Imprisoned former WorldCom Inc chief Bernard Ebbers has joined the list of high-profile corporate defendants petitioning for clemency in the final days of President George W. Bush's term in office. U.S.-led coalition in Iraq dwindles as allies leave BAGHDAD (Reuters) - A string of departures by the U.S. military's allies in Iraq is turning into an exodus as violence subsides and the end of a U.N. mandate permitting their deployment to the country approaches. Thai crisis shifts to king as airport gets going BANGKOK (Reuters) - Thailand's crippling political crisis shifted its focus on Thursday from Bangkok's gradually opening Suvarnabhumi airport to King Bhumibol Adulyadej, who will address the nation on the eve of his 81st birthday.