Government Closes In On Deal for Automakers
- Listed: December 9, 2008 2:35 am
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The White House has received a draft of a bill from Congress that would aim to keep Detroit’s Big Three carmakers rolling at least into early next year.
The draft bill would call on President Bush to select one or more people within the executive branch to authorize, disperse and oversee a loan for the auto industry.
On Monday morning, White House press secretary Dana Perino said a deal was “very likely” to be hammered out by the end of the day. Still, by Monday afternoon, Speaker of the House Nancy Pelosi said no deal had been struck but added that she was encouraged by the way negotiations were proceeding.
SOURCE/MORE INFORMATION:abcnews.go.com
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