White House, Democrats Reach Deal on $15 Billion Auto Aid

By GottaLaff

Early reporting:

Democratic leaders and the White House reached a deal to provide billions of dollars in relief to the ailing U.S. auto industry, a senior congressional aide told Reuters on Friday.

The package, which Democratic leaders hope to win passage of next week and send to President George W. Bush, totals between $15 billion and $17 billion, the aide said, speaking on condition of anonymity.

The amount is less than the $34 billion the auto guys requested . It's an interim move until Obama takes office, apparently. Pelosi is reported to have changed her tune after the latest unemployment report.