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Congress, White House Negotiate Auto Bailout

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Congress, White House Negotiate Auto Bailout

Congress, White House Negotiate Auto Bailout

Congress, White House Negotiate Auto Bailout

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  • <iframe src="https://www.npr.org/player/embed/97920783/97920768" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Congressional aides are busy working out the details of a bailout package for the nation's big three automakers. The package is less than half of the $34 billion that Ford, GM and Chrysler had asked for.

A breakthrough in the deal came when House Speaker Nancy Pelosi yielded to President Bush's request that the money come from an existing aid package set aside for automakers for the production of greener-running cars.

Host Liane Hansen speaks with NPR's John Ydstie about the continuing negotiations between Congress and the White House.