• Most Popular
  • Most Shared

White House receives autos language, deal possible

WASHINGTON
Mon Dec 8, 2008 4:29pm EST

Related Video

Cars travel on an empty street in downtown Detroit, Michigan December 7, 2008. REUTERS/Carlos Barria

WASHINGTON (Reuters) - The White House has received the language for legislation aimed at providing billions of dollars to help the ailing U.S. automakers, White House spokeswoman Dana Perino said on Monday.

Barack Obama  |  Deals  |  Inflows Outflows

"We did receive the language around 2:40 p.m.," she told Reuters. "We're in active communication with them (Congress)."

She reiterated her earlier comment that it was "possible" that a deal could be reached on Monday.

(Reporting by Jeremy Pelofsky, editing by Jackie Frank)



More from Reuters

An Iranian woman supporting former prime Mmnister Mirhossein Mousavi, who is a candidate for the upcoming presidential elections, covers her face with his picture during a pre-election gathering at a stadium in Tehran June 9, 2009. REUTERS/Damir Sagolj

A nation on the brink?

Nukes may not be the only ticking clock in Iran. The reformist movement is swelling and "it is going to get very violent."  Full Article 

A security guard walks past cars in a Geely Automobile Holdings Ltd. factory in a Shanghai suburb September 28, 2006.REUTERS/Aly Song

China in auto power play

It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos.  Commentary | Video