National

7:37am

Wed December 19, 2012
The Two-Way

U.S. Will Sell Off Its General Motors Stock

Originally published on Wed December 19, 2012 8:36 am

General Motors is buying back stock from the U.S. government.
Paul Sancya ASSOCIATED PRESS

In a statement early this morning, the Treasury Department says it's going to "exit" its investment in General Motors. The federal government holds just over 500 million shares of GM stock.

The automaker will buy 200 million of those shares, and the government will dispose of the rest "in an orderly fashion" over the next year and a half, depending on market conditions.

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7:07am

Wed December 19, 2012

6:24am

Wed December 19, 2012

6:20am

Wed December 19, 2012
The Two-Way

Newtown Shootings: Funerals Continue; Biden To Lead Task Force

Candles with the names of victims of the Sandy Hook Elementary School shooting, at a makeshift memorial near the entrance to the grounds of Sandy Hook Elementary School.
Brendan Smialowski AFP/Getty Images

6:02am

Wed December 19, 2012
The Two-Way

President Obama Is 'Time' Magazine's 'Person Of The Year'

Spencer Platt Getty Images

Writing that "after four of the most challenging years in the nation's history, his chance to leave office as a great president who was able to face crises and build a new majority coalition remains within reach," Time magazine has named President Obama its "person of the year."

The others on Time's "short list" were:

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