Senators agree on auto bailout deal -- YES!!!

http://money.cnn.com/2008/11/20/news/economy/congress_autos.ap/index.htm?postversion=2008112012


WASHINGTON (AP) -- Aides to a bipartisan group of auto-state senators say they have reached a compromise to speed emergency loans to Detroit\'s Big Three carmakers.

Republicans and Democrats plan to present the proposal at a mid-afternoon news conference Thursday. But it was not immediately clear whether the compromise plan could draw enough support to get through a reluctant Senate.

It temporarily would divert to troubled automakers money from a program that currently finances the development of fuel-efficient vehicles. The aim would be to cover their immediate expenses.