255-million

Summary Box: Ford reducing debt

SHEDDING DEBT: Ford Motor Co. cut into its staggering debt, saying it will pay more than $4 billion, mainly to a United Auto Workers trust that pays health care bills for blue-collar retirees. The trust will get $3.8 billion in cash, and is still owed $3.6 billion. Ford also will pay $255 million in dividends on preferred securities that were deferred when it was in financial trouble.

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Summary Box: Ford reducing debt

255-million

U.S. Debt To Reach 62% Of GDP By Year-end: CBO

U.S. Debt To Reach 62% Of GDP By Year-end: CBO

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U.S. Debt To Reach 62% Of GDP By Year-end: CBO