From Reuters: GM and AIG shares slide creating an anticipated $23 billion widening in the government’s deficit. GM, despite a major comeback that has returned its crown as the world’s top-selling automaker, GM has seen its share price slide from $37 a year ago to $24.0 on January 31st. AIG shares have declined from about $43 in early February of last year to end at $25.11 on Tuesday. The breakeven price for AIG is about $28.73 per share. Read more . . .
Tea party congress equals token cuts on projected increases?