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THE WHITE HOUSE Office of the Press Secretary _______________________________________________________________________________________ FOR IMMEDIATE RELEASE June 1, 2009 BACKGROUND BRIEFING BY SENIOR ADMINISTRATION OFFICIALS ON THE GENERAL MOTORS RESTRUCTURING May 31, 2009 Via Conference Call 7:10 P.M. EDT MS. PSAKI:  Thank you, everyone, for joining the call.  Just a reminder that the call this evening is on background, [...]

The President has arrived in London for the G-20 economic summit.  I have different policy views than the President on some of these issues, but I will not criticize him while he is overseas.  I will attempt to gently highlight a couple of substantive issues that concern me, but at the same time I want [...]

We’re getting questions about whether banks that receive taxpayer funds from the Treasury are “hoarding” that cash, rather than using it to support lending. We know that banks aren’t hoarding yet, since at most they’ve had cash for two days. Remember that there is a two-fold purpose to this program:  (1) strengthen the banking system [...]

The President’s Working Group on Financial Markets met at 8:30 AM today to announce the specifics of the new policy actions described by the President in the Rose Garden earlier this morning. This note is just a collection of primary source documents from today’s announcement.  Generalists will likely be interested in the first six documents, [...]