Chrysler wins cut from feds, recalls 1.56 million Jeeps

Two weeks after refusing a government request to recall roughly 2.7 million Jeep sport utility vehicles for alleged fire risks, Chrysler has cut a deal with regulators. The nation's third-largest automaker announced Tuesday that it would address theUPDATE 5:09 p.m. ET: Government lets Chrysler recall fewer Jeeps than first required. Chrysler Group agreed to a recall it has fought for two weeks, but only after the government slashed the number of Jeeps involved in the recall by more than a millionChrysler announced Tuesday that it would bow to the US safety regulator's pressure to recall 2.7 million Jeep Liberties and Jeep Grand Cherokees over a fire risk. Two weeks after rejecting the National Highway Traffic Safety Earlier this month, the company refused the government's request to recall Jeep Grand Cherokees from model years 1993 through 2004 and Jeep Libertys from

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