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

FILE - President Donald Trump arrives and walks by Rep. Marjorie Taylor Greene, R-Ga., to address a joint session of Congress at the Capitol in Washington, Tuesday, March 4, 2025. (AP Photo/J. Scott Applewhite, File)

Credit: AP