U.S. Government Denies GM's $10 Billion Request to Buy Chrysler

Earlier this week GM approached the U.S. government for $10 billion to support a merger between GM and Chrysler.

It's now being reported that the U.S. Treasury has denied the request due to the fact that the merger could result in the loss of thousands of U.S. jobs. Since the U.S. Treasury denied the request the merger talks have been put on hold.

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