The Treasury Department “will stand ready to prevent an imminent failure,” spokeswoman Brookly McLaughlin said in a statement. makers - General Motors Corp., Ford Motor Co. But investors started to feel merrier later in the day as hopes grew for a loan from the Treasury Department instead. billion bank rescue plan. The Treasury Department has also said that it is ready to consider using the funds since Congress has failed to act. PNC moved to make the deal after it was assured of receiving financial assistance from the Treasury Department's rescue package.
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