December 9, 2008 / 2:16 PM / 12 years ago

Democrats, W.House "not far apart" on autos-aide

WASHINGTON, Dec 9 (Reuters) - The White House and congressional Democrats are not far apart on a deal that could rescue the struggling U.S. auto industry, a senior Democratic aide said on Tuesday.

The aide said that Democratic leaders made a counter offer to the White House late on Monday after learning of administration concerns over whether the first draft of the proposed $15 billion loan package would actually make the “Big Three” Detroit automakers viable.

The two sides were now “not too far apart,” the aide said, adding that congressional Democrats were now awaiting the White House response to their latest proposal. (Reporting by Thomas Ferraro)

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