Feds deny GM request for merger bucks

General Motors’ request for up to $10 billion to aid its potential merger with Chrysler was spurned by the Treasury Department, say sources; instead, the Bush administration will try to speed along implementation of a $25 billion loan to Big Auto to encourage R&D of fuel-efficient vehicles.

General Motors’ request for up to $10 billion to aid its potential merger with Chrysler was spurned by the Treasury Department, say sources; instead, the Bush administration will try to speed along implementation of a $25 billion loan to Big Auto to encourage R&D of fuel-efficient vehicles.

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