Officials: Obstacle Remains to Auto Aid Deal

By: Associated Press Email
By: Associated Press Email

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Officials say Republican and Democratic senators are struggling to resolve one last dispute standing in the way of an emergency bailout for U.S. automakers.

The top Senate Democrat says the compromise could see a vote tonight. Majority Leader Harry Reid says the lead Republican architect of the deal is briefing colleagues on its outlines, and Democrats were prepared to move forward on it quickly.

His announcement came after hours of marathon talks at the Capitol between labor, lawmakers and the auto industry to salvage the Big Three rescue. The talks centered on wage and benefit concessions from the United Auto Workers union as well as debt restructuring by General Motors, Ford and Chrysler.

It wasn't immediately clear what was standing in the way of a final agreement.

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