by Calculated Risk on 3/27/2009 10:18:00 PM

From the NY Times: U.S. Expected to Give More Financing to Automakers

The Obama administration will probably extend more short-term aid to General Motors and Chrysler on Monday ...

The administration is expected to set a short deadline — weeks rather than months — to compel the automakers, their lenders and the U.A.W. to reach agreement.

Both G.M. and Chrysler are close to exhausting the loans they received since December. ...

G.M.’s request for up to $16.6 billion more in federal loans will be treated separately from Chrysler’s request for an additional $5 billion ...

The announcement on Monday will usher in a more intensive period of oversight by the government of G.M. and Chrysler ...

Another week, another bailout.