Will Congress Reach an Agreement on the Auto Bailout?

Many members are skeptical of Detroit's plans to get emergency financing.


Yesterday the Detroit automakers presented their restructuring plans to Congress in an attempt to obtain emergency funds and avoid bankruptcy. There are few supporters of a bailout deal as many members of Congress remain skeptical of Detroit's plans. Speaker Nancy Pelosi, however, said that "it's pretty clear that bankruptcy is not an option [for U.S. automakers]." Will a bailout deal gain enough support in Congress to pass? Or will the auto industry be forced to declare bankruptcy, which GM says is not an option? Post your thoughts.

Previously: Is Barack Obama's National Security Team a "Team of Rivals"?