Auto Bailout Close To Being a Done Deal

The plan could see a vote as early as Wednesday. It creates a government "car czar," to be named by President George W. Bush, to oversee the bailout billions and an auto industry restructuring. The czar would have to yank back the federal money if carmakers didn't do enough to reinvent themselves.

Congressional Democrats want to add language they can reach up to the holding company, Cerberus Capital Management, if that happens, but the White House is "pushing back" according to one Democratic aide.

The two key issues remaining to be resolved involve whether to block the auto companies from suing states over their greenhouse gas emission standards and how the bill can ensure taxpayers can get repaid for loans to Chrysler, a privately held company, in the event the company goes bankrupt.