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CNBC Claims That The White House Claims That A Big Auto Bailout Deal Has Been Reached

Ok, so Joe Kaplan is yammering in the White House Press Room via CNBC, I guess that makes it true. His yammering includes:
Firms must meet an "economic definition of financial viability" (can't wait to read that).
They have to prove it by March 31 (can't wait to see how this is evaluated).
If they don't meet the requirements funding gets cut off, the gubment gets its grub back.