White House: Don’t block Chrysler sale

Solicitor General Elena Kagan presented written arguments to the U.S. Supreme Court today. On behalf of the Obama Administration and the U.S. Justice Department, Ms. Kagan urged the court to reject a request by a group of Indiana pension funds to delay the sale of Chrysler’s assets to NewCarCo Acquisitions LLC.

In her filing, the Solicitor General told the court a delay would have “grave consequences” and could force the company to liquidate.