Speeches & Events

“…Barack Obama at the White House you've been listening to a presidential statement from CBS news. A very soon will be hearing details of the bankruptcy filing from the president and CEO of General Motors Fritz Henderson. So please stay with CBS news for more radio coverage and of course CBS news.com. Right now let's turn to Keith Crain. Your publisher and editorial director of Automotive News I'm I'm thinking historically Keith just last year General Motors celebrated its 100 birthday. And now President Obama has made it clear that while he says GM will survive. But it will …”

“…Obama has to speak in the White House this on the David General Motors filed for bankruptcy reorganization. And Chrysler's bankruptcy plan to be taken over by fiat of Italy a moves ahead in court. CBS …”

“…the Supreme Court. The process of reviewing and selecting a successor to Justice Souter has been rigorous and comprehensive. Not least because of the standard of Justice Souter himself. -- his and formidable intellect and fair mindedness and decency. I've sought the advice of members of congress on both sides …”

“…qualities alone. Are insufficient. We need something more. -- Supreme Court justice Oliver Wendell Holmes once that the wife of the law has not been logic it has been experience. Experience being tested by obstacles and barriers. …”

“…university -- proud and storied football team but I also hear that Notre Dame holds the largest outdoor five on five. Basketball tournament and others excites -- I want to congratulate the winners of this year's tournament. The team by the name -- hallelujah. All …”

“…inspiration. -- And after the through father has burned through. Notre Dame trustees. To faculty. To family. I am honored to be here today. And I am great. All of relying going to be. …”

“…200 diagnoses. Positive reading. Four H one and one. Around the country New York State. . Now has 78 -- positive identifications. Or pending. Identifications. We have to fair -- and through the Center for Disease Control. They exist in eight of our counties and in New York city's thirteen. Total counties. And they are they have forced about five school closings in the city into -- others outside. Near exit. No one believed to be seriously ill maybe hospitalization or two in New York City. . But no one in any danger at this particular time. They. Secretary said Gillis informed us that they feel that the disease …”

“…travel to Mexico. That brings our total number of probable cases in New York State outside of New York City to thirteen. Twelve of those were tested in our laboratory one of them was tested in the city laboratory. And the CDC. Because it was a Nassau County resident attending the saint Francis school. It's important notice the governor said that all of the individuals appear to be recovering from …”

“…formal line. They're being invested in a real fix that will make Chrysler more competitive. That's -- rejected the original restructuring plan that Chrysler offered last month. It was clear that if we put tax dollars in that plan it would be a bad deal for American taxpayers. And would not put the company on a viable path. But it's also clear that if Chrysler was able to form a partnership. With the international car company Fiat. There was a chance Chrysler could have a bright future. After consulting with my auto task force. Industry experts and financial advisors I decided to give Chrysler Fiat thirty days to reach an agreement. The standard I set was high. I challenged them to design a plan that would protect American jobs American taxpayers and the future of a great American car company. But over the past months seemingly insurmountable obstacles. Have been overcome. And Chrysler's most important stakeholders. From the United Auto Workers to Chrysler's largest lenders. From its own. From its former owners to its suppliers. Have agreed to make major sacrifices. So. Today. I am pleased to announce the Chrysler and Fiat have formed a partnership. That has a strong chance of success. It's a partnership that will save more than 30000 jobs the Chrysler. . And tens of thousands of jobs at suppliers dealers and other businesses that rely on this company. It's a partnership that the federal government will support by making additional loans that are consistent with -- what I outlined last month. As part of their agreement. Every dime of new taxpayer money we'll be repaid. Before Fiat can take a majority ownership stake in Chrysler. . In addition. Considering prices extensive operations in Canada. The government of Canada is also committing resources to ensure that Chrysler has a chance to succeed him were working closely -- that. To partnership that will give Chrysler a chance not only to survive. But to thrive in a global auto industry. Beyond is demonstrated that it can build the clean fuel efficient cars that are the future of the industry. And as part of this agreement. Fiat has already agreed to transfer billions of dollars cutting edge technology to Chrysler to help them do the same. Yeah it's also committed to working with Chrysler to build new fuel efficient cars and engines right here in America. This partnership was only possible because of unprecedented sacrifices. On the part of Chrysler's. . Stakeholders. Were willing to give something up. So that this company. And all the men and women whose livelihoods depend on it might see a better day. Chrysler's management and in particular -- CEO Robert Nardelli have played a positive and constructive role throughout this process. The United Auto Workers who had already made it painful concessions. Agreed to further cuts in wages and benefits. Cuts that will help Chrysler survive. Making it possible for so many workers to keep their jobs and about 170000. Retirees and their families to keep their health care. Several major financial institutions led by JPMorgan. Agreed to reduce their debt to less than 13 of its face value. To help re Chrysler from its crossing obligations. The German auto maker I'm agreed to give up its stake in Chrysler and contribute to the company's pension plan. Further easing Chrysler's financial work. And countless Americans across our country. Will be making major sacrifices as well as a result of plans to consolidate. …”

“…auto industry. And about what would be required to ensure a bit General Motors and Chrysler emerged from their current troubles stronger and more competitive. My team will continue working with General Motors as -- from their business plan. And move towards restructuring. That's consistent with the principles but I've laid out. And today after consulting or my auto task force I can report that the necessary steps have been taken. To give it one of America's most storied auto makers Chrysler. . A new lease on life. There's a company that has a particular claim on our American identity. It's company founded in the early years of the American automobile industry. A company that helped make the twentieth century and American century. And it came to embody along with the two other members of the Big Three. The ingenuity and industry business and the indomitable spirit of the American people. Chrysler is not only been an icon of America's auto industry and a source of pride. For generations of American workers it's been …”

“…Of the five new probable cases. The two cases in Suffolk and Nassau County have links to saint Francis prep school in Queens. And the three cases from -- Monroe in Chicago candy. Tapped out links to Mexico or Mexican travel. The local health departments and local health directors will be. We'll have more detail map that'd -- monitor in Monroe county. -- Hudson and Orange County Christine Schuyler in Chicago went -- to outreach in Suffolk County -- it scary in Nassau County. . …”

“…Denver stockpiles there's more to drawn from the stockpile. Deep -- five new cases that we're reporting today that are probable are. Yeah and -- in Suffolk County. And NASA Kennedy both -- don't know what …”

“…between consumer protection in the attorney general any powers we have -- Health Department we put a stop to it. And and make it him -- sport. There is a plethora of terrific information department of health web -- to New York City web -- the Centers for Disease Control website I'd I'd advise people to go to -- but I I think the press coverage is an excellent by the way …”

“…It's been held up as squabbling between US senators met and it's in quicksilver is that true yeah. …”

“…This is a CBS news special report up presidential news conference I'm -- at CBS news in Washington were about to hear Barack Obama. . On this his 100 day as our president they'll answer questions from members of the media. We're now sitting in chairs in the elegant east room of the White House CBS news director of political coverage Steve to Garros this morning mr. Obama flew halfway across the country. For a town hall event …”

“…Thank you receive CBS audience are. -- switch to the Democratic Party you said you were thrilled I guess nobody should be surprised about that but …”

“…Two the -- issues. As I said yesterday I issued -- public health emergency declaration. That permitted to -- That allows the FDA to proceed to. Permit us things like Tamiflu to be used. Four populations. That they otherwise would be used for in this case for example very very young children. The Department of Homeland Security is conducting conference calls with state. Public health and Homeland Security officials. On a daily basis. To discuss -- Developments related to swine flu and I reached out to the …”

“…who appeared to be sick. Two. To the CDC or to local health officials to be. Evaluated. In addition. Travelers' health alert notices are being posted at ticket counters and gates within the airports. And that's …”

“…emphasize. The moving faster and deeper as we strive to -- that General Motors. . So today here's what we're announcing today. GM will further -- adjust production by approximately 190000. Units. In the second quarter in …”

“…it occurs. And at that point is that uncertainty around negotiations with Delphi and its lenders make it prudent to make these adjustments now. You need bet in the event that they're I was gonna …”