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Archive for the ‘Who Pays For GM Warranties’ Category

>Get It Right On GM Warranties, Obama, Will Ya’

>Obama Needs Congressional Approval to Guarantee Auto Warranties, Says Democrat Budget Chair
Wednesday, April 01, 2009
By Fred Lucas, Staff Writer

Rep. John Spratt (D.-S.C.)

Capitol Hill ( – Members of Congress from both parties, including the chairman of the House Budget Committee, told on Wednesday that President Obama’s plan to guarantee the warranties on all General Motors and Chrysler automobiles while the companies undergo government-supervised restructuring—a program that could cost taxpayers $10 billion per year—needs legislative authorization. Read the story.