CNBC.com's News Now: GM Responds to Bailout

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DOW 8579.11 -25.88 -0.3% NASDAQ 1564.32 11.95 +0.77% S&P 887.88 2.60 +0.29%   Friday, Dec. 19, 2008   WHAT YOU SHOULD KNOW     Pros Say: Darwinian Pain = Good For the Strong On Friday, the auto bailout was announced: General Motors and Chrysler will get up to $17.4 billion in short-term loans from the U.S. in return for deep concessions, as the Bush administration cited danger to the national economy...read more     Need to Know: New Federal Credit Card Rules Some good news for consumers: The feds have finally set some new rules that will protect consumers from credit card companies increasing interest rates on their existing balances...read more     GM and Chrysler to Receive Up to $17.4 Billion in Loans General Motors and Chrysler will receive up to $17.4 billion in short-term loans from the US government in return for deep concessions...read more     TODAY'S TOP 5 VIDEOS     1. Bush's Bailout President George W. Bush says the global financial crisis has made the auto challenges more severe.     2.GM Responds to Bailout GM CEO Rick Wagoner discusses the auto industry's bailout plan.     3. Last Holiday Shopping Weekend A look at how the compressed holiday shopping season is going, with Gerald Storch, Toys R Us chairman/CEO     4. Obama Fills Out His Cabinet President-elect Barack Obama makes cabinet appointments, including Labor Secretary, Transportation Secretary, U.S. Trade Representative & the head of the Small Business Administration.     5. Stop Trading, Listen to Cramer! Mad Money's Jim Cramer shares his stock picks and pans with CNBC's Erin Burnett     Click here to view all of today's top videos on CNBC.com     CNBC.com BLOG OF THE DAY     Yahoo, SanDisk, Take-Two: Embarrassments All We have been witness this year to a troika of tech-shareholder fiascos, and the only thing more stunning is the lack of indignancy... See All CNBC.com Blogs   Watch CNBC live on your desktop. Click here to find out how.   NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV CNBC PLUS

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