Stimulus Dollars to Clean Up GM Properties
From CongressDaily –
REMAINS OF THE BAILOUT. The Obama administration has pitched an $800 million trust fund to cover clean-up costs in closed General Motor Corp. sites in 14 states. It would cover nearly 90 properties closed during the company’s bankruptcy, with more than half in Michigan. The money will be drawn from the $1.2 billion that the Treasury Department set aside to wind down GM’s toxic assets. White House economic adviser Larry Summers and Ed Montgomery, who leads the White House Council on Automotive Communities and Workers, announced the fund at a Brookings Institution event this morning.