Treasury Is Said to Warn G.M. of Bankruptcy Risk - NYTimes.com

Treasury Is Said to Warn G.M. of Bankruptcy Risk - NYTimes.com: "The Treasury Department is directing General Motors to lay the groundwork for a bankruptcy filing by a June 1 deadline, despite G.M.’s public contention that it could still reorganize outside court, people with knowledge of the plans said during the weekend"and later:"The preparations are aimed at assuring a G.M. bankruptcy filing