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Historic $17.4b Detroit bailout

Bush steps in, demands reforms

By Michael Kranish
Globe Staff / December 20, 2008

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WASHINGTON - President Bush yesterday announced the federal government would provide up to $17.4 billion to troubled automakers General Motors and Chrysler, but warned that the loans would have to be paid back in several months if the companies fail to come up with restructuring plans that chart their return to profitability. (Full article: 1129 words)

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