NEW YORK (AP) — A senior member of President Barack Obama’s auto task force testified Wednesday that the U.S. government will not continue to fund General Motors Corp.‘s operations if the automaker doesn’t get approval to sell its assets to a new company within the next 10 days.

NEW YORK (AP) — Battered mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities, according to a regulatory filing submitted Wednesday.

WASHINGTON (AP) - The chiefs of General Motors and Chrysler told Congress on Wednesday they have too many dealers to support their slimmed down operations and sacrifices must be shared as they fight to overcome bankruptcy and survive. They acknowledged that slashing dealerships is causing pain in communities around the U.S.

DETROIT (AP) - General Motors Corp. said Thursday a committee of bondholders has agreed to a sweetened deal proposed by the U.S. government to erase the automaker’s unsecured debt in exchange for company stock.

WASHINGTON (AP) - Only $109.6 billion in resources remain in the government’s $700 billion financial rescue fund.

DETROIT (AP) - General Motors Corp. could get as much as $5 billion more in federal loans, while Chrysler LLC could get $500 million as they race against government-imposed deadlines to restructure, according to a government report filed Tuesday.

A deal has been made for a third rescue attempt in the past five months for struggling Citigroup.