WH: Deal 'possible' tonight
Posted: Monday, December 08, 2008 6:32 PM by Domenico Montanaro
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White House, John Yang
From NBC's John Yang
Senior administration officials say it's "possible" they could reach a deal tonight. They are still talking, making progress and intend to go late. As one official put it: "It's not out of the question but it's short of definite."
The White House negotiators on the Hill: Deputy Chief of Staff
Joel Kaplan, National Economic Council Director
Keith Hennessey and White House Legislative Affairs Director
Dan Meyer.
NBC's Les Kretman reports the following from Dana Perino: "We've made a lot of progress in recent days to develop legislation to help automakers restructure and achieve long-term viability. We're reviewing draft legislation we received this afternoon and are continuing our discussions with Congress. Long-term financing must be conditioned on the principle that taxpayers should only assist automakers executing a credible plan for long-term viability. We'll continue to work with Members on both sides of the aisle to achieve legislation that protects the good faith investment by taxpayers."