You heard it here first. According to sources in the Washington DC office of Senator Levin [D-MI], a bipartisan compromise deal on the auto bail-out has now been reached. Details when they are available.
UPDATE:12;34 PM - Senator Levin will release details at a 2:30 P.M. EST press conference
UPDATE: 3:09 PM - Congress has refused to vote for the compromise legislation.
Pelosi wants to tsee a business plan from the auto companies before there is a vote on the compromise plan. The earliest they will vote will be December 8. This could sink the economy completely. Very bad.
“Democratic leaders in Congress sidetracked legislation to bail out the auto industry Thursday and demanded the Big Three develop a plan assuring the money would make them economically viable. "Until they show us the plan, we cannot show them the money," Speaker Nancy Pelosi, D-Calif., said at a hastily called news conference in the Capitol.” Huffpo
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