WASHINGTON, March 27 (Reuters) - The Obama administration will set a strict deadline for General Motors Corp and Chrysler LLC to reach cost-cutting deals with creditors and their major union even as it extends more aid to the struggling automakers, the New York Times reported on Friday. The newspaper, which quoted people with knowledge of the discussions, said the White House was likely to extend more short-term aid to GM and Chrysler while also saying that bankruptcy was still a potential ...
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