General Motors Chairman Rick Wagoner is stepping down from his post immediately, reportedly at the request of the White House. (Bill Pugliano/Getty Images)
Bailout
Coverage of the federal government's bailout of the financial industry.Bailout
Obama outlines auto restructuring plan
Broadcast: Midmorning, 03/30/2009, 10:06 a.m.
GM CEO Rick Wagoner is out at the beleaguered automaker. He resigned effective immediately at the request of President Obama. Live coverage of President Obama's announcement of how he thinks the auto industry should restructure.
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