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GM says it needs $12 billion loans by late March

Posted: 12/02/2008 - General Motors says it needs $4 billion in government loans this month and a total of $12 billion by late March to keep operating. The troubled automaker says it plans to slash its numbers of workers, vehicle brands and plants by 2012.

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Panel: Bio attack likely in next 5 years

Posted: 12/02/2008 - A report obtained by The Associated Press says the U.S. can expect a terrorist attack using nuclear or biological weapons in the next five years.

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Bredesen lauds Obama's meeting with governors

Posted: 12/02/2008 - Tennessee Gov. Phil Bredesen says a meeting President-elect Barack Obama and Vice President-elect Joe Biden had with the nation's governors in Philadelphia was productive.

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Chrysler president: All sides made concessions

Posted: 12/02/2008 - Chrysler LLC President and Vice Chairman Jim Press isn't giving details of the business plan that will be presented to Congress, but he says it will tackle product mix, vehicle pricing and quality and fiscal responsibility.

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Paulson urges Chinese to continue currency reforms

Posted: 12/02/2008 - Treasury Secretary Henry Paulson says China must continue allowing its currency to rise in value against the dollar as part of reforms to address trade tensions with the United States.

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Ill. corruption figure Rezko sentencing set Jan. 6

Posted: 12/02/2008 - A federal judge in Chicago has set a Jan. 6 sentencing for political fundraiser Tony Rezko, who helped bankroll the campaigns of Barack Obama and Gov. Rod Blagojevich.

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EU trade chief to visit Washington

Posted: 12/02/2008 - The EU's trade chief says she will travel to Washington early next year to press U.S. lawmakers to approve a new global trade deal.

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