The Bush administration, particularly the US Treasury is painstakingly working with the auto bailout plan to rescue the big 3 automakers in US. The administration appeared to want an agreement with the big 3 before Christmas day.
In recent days, however, administration officials and company executives have sequestered themselves, offering only the slightest hints of what they are discussing, as market analysts speculate about how long G.M. and Chrysler can survive without a government lifeline.
Ed Gillespie, a senior adviser to President Bush, told Fox News on Wednesday that an announcement on aid was not necessarily imminent. “There will be a decision obviously by the end of the year,” he said. President Bush in a separate interview said he would make a decision “relatively soon.”
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