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Washington -- The Treasury Department plans to announce early this afternoon that it will give GMAC Inc. around $3.5 billion in additional capital, sources said.

Detroit-based GMAC and the Treasury Department have been in talks for months to finalize the amount of money the company would receive. The Treasury Department said earlier this year it would invest up to $5.6 billion more in GMAC -- on top of $13.4 billion GMAC has received over the last year.

GMAC spokeswoman Gina Proia declined to say how much the company expected to get.


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Your Tax Dollars At Work: GMAC To Get $3.5 Million Lifeline

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