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Chrysler: Strike a deal with Fiat in 30 days, likely get $6 billion. If not, probably no more money for them. Viability assessment here (pdf).

GM: Will be given "adequate working capital" for 60 days while they come up with a new restructuring plan. Viability assessment here (pdf).

Fact sheet on the plan here (pdf).

Plus: Obama administration also announces program to guarantee warranties for new car purchasers. Details here (pdf).

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The Political Schedule

*all times Eastern

Wednesday, December 2

    • 10:40 am
    • President Obama and Vice President Biden receive the presidential daily briefing in the Oval Office
    • 12:00 pm
    • Michelle Obama holds event to thank volunteers who helped ready the White House for Christmas
    • 12:35 pm
    • President Obama and Vice President Biden have lunch in the Private Dining Room
    • 1:00 pm
    • Robert Gibbs delivers the daily press briefing from the White House
    • 1:45 pm
    • President Obama receives the economic daily briefing in the Oval Office
    • 2:45 pm
    • President Obama meets with senior advisors in the Oval Office
    • 3:25 pm
    • President Obama meets with Senator Bayh in the Oval Office
    • 4:10 pm
    • President Obama meets with Senator Graham in the Oval Office

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