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Politics : President Barack Obama

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To: ChinuSFO who wrote (45243)11/20/2008 1:02:37 PM
From: stockman_scott  Read Replies (1) of 149317
 
Senators Reach Bipartisan Deal to Aid U.S. Automakers (Update1)

By Nicholas Johnston and John Hughes

Nov. 20 (Bloomberg) -- A group of U.S. senators has reached a bipartisan agreement on aiding U.S. automakers, said an aide to Democratic Senator Carl Levin of Michigan.

No details are available, Levin aide Tara Andringa said in an e-mail. Levin and colleagues Debbie Stabenow, a Michigan Democrat; George Voinovich, an Ohio Republican, and Kit Bond, a Missouri Republican, scheduled a 2:30 p.m. news conference in Washington.

Congressional leaders haven't said whether they support the plan, and both houses could run out of time to enact legislation with a lame-duck session due to wrap up tomorrow.

Senate Majority Leader Harry Reid yesterday refused to schedule floor time to debate a possible Bond compromise plan, though he said today Congress might return in December to finish its work.

``The desire is we complete all of our actions until we come back on Jan. 6, but that may not be possible,'' the Nevada Democrat said. ``It may be necessary that we come back after Thanksgiving.''

To contact the reporters on this story: John Hughes in Washington at Jhughes5@bloomberg.net; Jeff Green in Washington at o jgreen16@bloomberg.net.

Last Updated: November 20, 2008 12:41 EST
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