• 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

"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

Photo

Plot exposes fissure in U.S. intelligence community

WASHINGTON (Reuters) - Last week's failed plot to bomb a U.S. passenger jet has exposed lingering fissures within the U.S. intelligence community, which had information from interviews and clandestine intercepts but did not put the pieces together, officials said.

Traders work in the pits at the The New York Mercantile Exchange, November 7, 2007. REUTERS/Brendan McDermid

Calling the market

A spectacular credit bust, two devastating stock market crashes ... the smart call this decade was to play it safe.  Full Article 

People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article