by Calculated Risk on 12/02/2008 04:13:00 PM

From Bloomberg: GM Asks U.S. Lawmakers for Up to $18 Billion in Aid

General Motors Corp. asked Congress for as much as $12 billion in loans to provide adequate funding through 2009, as well as a $6 billion line of credit should industry conditions worsen.
...
GM anticipates an “initial draw” of $4 billion this month

The WSJ headline is:

GM ... in a more dire situation than previously thought. The company ... said it needs $4 billion immediately to stay afloat until the end of the year.