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Rattner, an icy-eyed, sharp-spoken Wall Street dealmaker, laid out Obama's unappealing options. Chrysler could be scrapped for parts through an unstructured bankruptcy. Or the task force could try to make the Fiat proposal work, using the leverage of bankruptcy to force concessions and the Treasury's wallet...

Author: /time Magazine | Title: Government Motors: Can a Reinvention Save GM? | 5/28/2009 | See Source »

There are now slow-moving inquiries by the Senate judicial and intelligence committees as well as Representative John Conyers' proposal for an investigative commission with subpoena power, currently being considered by the House Armed Services Committee. Meanwhile, Leahy's staffers say the Senator is trying to build bipartisan support for...

Author: /time Magazine | Title: Obama: Still Opposed to Truth Commission | 5/21/2009 | See Source »

The last time this country undertook a serious debate over health-care reform, back when Hillary Clinton put together her proposal in 1993, the Republican strategy could have been summed up in three words: Just say no. This time around, however, the clamor for fundamental change of a system that...

Author: /time Magazine | Title: The Republicans Weigh In with a Health-Care Plan | 5/21/2009 | See Source »

What kind of health-care reform would Republicans like to see? Four conservative GOP lawmakers - Senators Tom Coburn of Oklahoma and Richard Burr of North Carolina, along with Congressmen Paul Ryan of Wisconsin and Devin Nunes of California - introduced a proposal on May 19 that looks a lot like the...

Author: /time Magazine | Title: The Republicans Weigh In with a Health-Care Plan | 5/21/2009 | See Source »

This is not likely to be the last word from the GOP on health-care reform. Also in the works is a proposal by moderate House Republicans that assures that the government would not interfere with medical decisions now left to doctors and their patients. But one thing seems clear...

Author: /time Magazine | Title: The Republicans Weigh In with a Health-Care Plan | 5/21/2009 | See Source »

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