GM sloughs off bankruptcy

After the sale of its assets, GM is ready for a fresh start, which CEO Fritz Henderson will announce in a press conference later today. (Reuters)

House and Senate Democrats are at yet another impasse over health care legislation, as the debate drags on. Pelosi vs. Baucus 2009 … Rumble in the Capitol! (NYT)

Citigroup reshuffles its top ranking officers, moving former CFO Edward Kelly into an advisory role, overseeing strategy and deal-making.

Pacific Investment CEO Mohamed El-Erian grades our officials, giving Geithner and Bernanke an “A” for effort, but a “B” for results. But if they pull up their bootstraps and try harder, El-Erian will get them those bikes he’s been promising. (Bloomberg)

G8 leaders announce a $20 billion commitment over the next three years to help farmers in the developing world. (NYT)