Democrats Lower Expectations for Auto Bailout

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Sen. Dodd calls chance of reaching agreement “remote” and all but rules out agreement before Friday. Majority Leader Reid says he still hopes to strike a deal this week, looks to Treasury Department as a backup plan.

White House’s Perino says there’s “no appetite” for Treasury to act. See her comments here.

Earlier: Big Three CEOs testify before House Financial Services Committee and are hit with tough questions about spending.

Related Topics: News, The Page

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