Timeline: President Obama's presidency

A look back through President Barack Obama's presidency as the 44th President of the United States of America.

Obama bails out General Motors and Chrysler

Credit: Getty Images, 2009

March 29, 2009

Obama bails out General Motors and Chrysler

Fritz Henderson, the new chief executive of General Motors, holds a news conference to discuss announcements made by President Barack Obama about the Task Force on Autos and U.S. Treasury's decisions on aid to the auto industry at GM World Headquarters in Detroit, Mich. Henderson replaced former GM chief executive Rick Wagoner who was forced out by the Obama administration. A month earlier, Obama signed the $700 billion stimulus package (known as the American Recovery and Reinvestment Act of 2009) into law.

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