Amy Sancetta/Associated Press
Early last month, General Motors workers rallied in Warren, Ohio, against layoffs and reduced benefits. Some 21,000 employees will lose their jobs in bankruptcy.

Post a Comment »Read All Comments (18) »WASHINGTON — President Obama will push General Motors into bankruptcy protection on Monday, making a risky bet that by temporarily nationalizing the onetime icon of American capitalism, he can save at least a diminished automaker that is competitive.

The bankruptcy, to be filed in New York, is a moment of reckoning for an industry that was once at the heart of the American economy. It culminates a remarkable four months of confrontation between Washington and Detroit that is expected to result in a drastic downsizing of the company.