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Factory closings and layoffs a major part of GM restructuring; workers begin to learn their fate. (Reuters) Fed may announce as early as next week an initial set of banks

Issues:

Factory closings and layoffs a major part of GM restructuring; workers begin to learn their fate. (Reuters)

Fed may announce as early as next week an initial set of banks approved for TARP exit. (NYT)

Council of Economic Advisers releases report detailing economic benefits of health care reform; Boehner calls it “smoke and mirrors.” (WaPo)

Morgan Stanley plans to sell $2.2 billion in stock to help prove it can exit TARP. (AP)

FDA may open up data on clinical trials. (NYT)