White House, Dems inch toward auto bailout bill

[admin]

White House, Dems inch toward auto bailout bill
« Thread Started on Dec 10, 2008, 8:07am »

--------------------------------------------------------------------------------
White House, Dems inch toward auto bailout bill
Posted: 09:57 PM ET
WASHINGTON (CNN) — The White House and congressional Democratic negotiators have reached a conceptual agreement on a proposed $15 billion automakers bailout package, according to senior administration officials and a Senate Democratic aide.

But both sides cautioned that there remained some sticking points to work out between negotiators, and Senate Republicans, crucial for passage, have yet to weigh in.

“I don’t want to say that there are hang-ups,” said a senior administration official who is close to the negotiations. “I think there is agreement in what the bill is trying to accomplish and there is discussion and exchange in terms of language.

“We feel like there an agreement on the concept and the way forward.”