Congressional Democrats and the White House have agreed in principal on a plan to lend $15 billion to struggling U.S. automakers.
It looks like the White House and congressional Democrats have reached an agreement to lend $15 billion in emergency government loans to struggling U.S. automakers. The plan creates a government "car czar" who will be named by the President. That person will oversee the bailout billions and an auto industry restructuring. The plan could go to a vote today. Here with the scoop about all the backroom haggling is reporter Todd Zwillich from Capitol News Connection