GM trying to avoid bankruptcy

Are you planning to buy a new car from one of the GM companies? I would think twice before buying one if I were you...

NEW YORK (CNNMoney.com) -- It's coming down to the wire for General Motors.

With GM rapidly burning through its cash reserves due to hefty losses amid an historic slump in auto sales, President Obama said the Treasury Department would give the automaker the cash it needs to continue operations on the condition that GM restructure its debt or file for bankruptcy by June 1.

The automaker set a May 26 deadline for its bondholders to reach a restructuring agreement. As Tuesday steadily approaches, GM chief executive officer Fritz Henderson has repeatedly said that the difficulty in inking a deal makes a bankruptcy filing for the automaker "probable."

A spokeswoman for GM said Friday the company continues to plan for a bankruptcy, which is the likely next step if no agreement is reached.

Finding the perfect dentist for you

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So, if you are really looking forward to find one of the best dentists in your own area, why don’t you consider the possibility of finding him or her on the Internet?

Could the unemployment rates be recovering?

When considering what you see around you, do you honestly think that unemployment rates could really be lower at this moment?

NEW YORK (CNNMoney.com) -- The employment situation in the states showed signs of stabilizing last month.

The unemployment rate declined in 21 states in April, compared with the month before, while 11 states had no rate change, according to federal data released Friday.

The work situation, however, deteriorated in 18 states and Washington, D.C., last month, according to the Bureau of Labor Statistics.

A month earlier, unemployment rates rose in 46 states.

In April, Michigan once again led the nation with a jobless rate of 12.9%, up from 12.6% in March. Oregon, South Carolina, Rhode Island, California, North Carolina, Nevada and Ohio all had rates exceeding 10%.

Nationally, the unemployment rate rose to 8.9% in April, up from 8.5% a month earlier.

Missouri saw the biggest drop in unemployment, falling 0.6% to an 8.1% rate in April. Alaska followed with a 0.4% decline to 8%.

Some states, however, suffered rising rates. West Virginia fared the largest jump in joblessness, with its rate climbing 0.7% to 7.5% in April. Rhode Island and Ohio followed with 0.5% increases to 11.1% and 10.2% respectively.
State budget woes

States and their budgets have been hammered by rising unemployment rates. Income and sales tax revenues decline as people lose their jobs and rein in their spending.

Many state leaders are scrambling now to close last-minute budget gaps that opened when April tax revenues came in below estimates. The fiscal year in 46 states ends on June 30, and unlike the federal government, states cannot run deficits.

State and local officials are also working to deploy federal stimulus dollars that are starting to flow to them. The White House estimates that the funds have created or saved 150,000 jobs and will create or save another 600,000 by August.

The importance of a reliable auto body network

As you know, when we think about the most crucial components of our lives, we often think about family but also our own work because it is what makes us able to continue to live!

Keeping this in mind and knowing that most people drive their own cars to go to work, I would like to personally recommend everyone to have a look at this auto body corona network that protects the value of our vehicles, making sure that we are always able to go to work on time! Moreover, it is the USA’s premier auto body website giving you an idea of how incredibly reliable and important it is.

Obama's mortgage rescue plan

NEW YORK (CNNMoney.com) -- Loan servicers are overwhelmed by the flood of applications. Mortgage investors are angry about a congressional bill prohibiting them from suing servicers that modify loans. Foreclosures are rising as unemployment soars.

Nearly three months after President Obama first announced his $75 billion mortgage rescue effort, his administration is still refining the program in hopes of reaching its goal to save 9 million homeowners from foreclosure.

So far, more than 55,000 borrowers have been put into trial modifications, which become permanent if they keep up with payments for three months. Hundreds of thousands more have applied.

However, the initiative must still get over several hurdles before its chances for success can be determined.

Finding the best radiators while also saving money

While the economy is still far from showing signs of recovery, the truth is that the US citizens must do everything possible in order to save money on the daily life routine. In fact, if you start to pay more attention to the stores on the streets, you can easily find many bargains that you used to ignore in the past.

Personally, I believe that there are also many online stores that can really make the difference with their amazing prices such as the one from where I bought my new Honda Radiator as my old one started to malfunctioning and showing signs of age.

So, would you also like to buy some new Honda radiators or any other radiators? If that’s the case, then you definitely need to have a look at the website above and save a lot of money when comparing the prices in those you are able to find on the stores next to you.

Obama is pushing credit card crackdown

WASHINGTON (Reuters) -- Saying credit card industry abuses had worsened in the current recession, President Barack Obama urged Congress Saturday to approve new regulations to halt sudden rate hikes, unfair penalties and hidden fees.

"Americans know that they have a responsibility to live within their means and pay what they owe. But they also have a right to not get ripped off," Obama said in his weekly radio address.

"Abuses in our credit card industry have only multiplied in the midst of this recession, when Americans can least afford to bear an extra burden," he said, calling on Congress to send him a bill he could sign by the Memorial Day holiday on May 25.