졸리운 곰의 정보기술 여행 [김성준]

Day 2 Business News

March 3, Tue.

GM Receives $4 Million; Chrysler Still Waiting.

The US government paid out the first $4 billion in emergency loans to support General Moters, but a parallel rescue payment for Chrysler was on hold.

The government had completed the first $4 billion load to GM on Wednesday (Dec 31, 2008). The U.S. Treasury Department spokesperson said that they are working expeditiously with Chrysler to finalize that transaction and remain committed to closing it on a timeline that will meet near-term funding needs. Both GM and Chrysler have said they need the infusion of government cash to meet payouts to suppliers. A plunge in auto sales has drained their own cash holdings. The administration of President George W. Bush approved a $17.4 billion for GM and Chrysler in December 2008.

(Source from Reuters January 2, 2009)

Treasury Department: 미국 재무부

Spokesperson: 대변인

Expeditiously: 신속하게, 급하게

Transaction: 거래

Timeline: 일정

Infusion: 주입, 유입

Plunge: 돌진, 감소, 가라앉음

Drain: 차츰 소모시키다. 고갈 시키다.

Cash holdings: 현금 보유

Approve: 승인하다.

Bailout: 비상구제, 긴급 융자