White House: Eventual bankruptcy possible with GM
WASHINGTON, May 27 (Reuters) - An eventual, managed bankruptcy similar to the one Chrysler is going through could be the outcome of discussions over General Motors but nothing is settled yet, the White House said on Wednesday.
"The deadline is near but it's not passed yet," White House spokesman Robert Gibbs told reporters. "We'll see. Look, there could be, as happened in the case of Chrysler, there could be progress on an agreement with stakeholders leading up to something that might be an eventual bankruptcy."
(Reporting by Caren Bohan; Editing by Sandra Maler)
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