President Obama announced today that talks had failed to find a way to stave off bankruptcy, as Chrysler will now file for Chapter 11.

The White House put out this press release on what the administration is doing.

About the Author

Featured

Prosecutor Skandalakis has previously suggested that pursuing criminal charges against President Donald Trump may not be feasible until after he leaves office in 2029. (Craig Hudson/Politico/Bloomberg via Getty Images)

Credit: Bloomberg via Getty Images