Risk & Compliance

Frank Says Auto Deal on Course

House Financial Services chairman sees it as "overwhelmingly likely that a bill will be on the president's desk by the end of the week."
Roll Call StaffDecember 8, 2008

Emerging from a meeting in Speaker Nancy Pelosi’s (D-Calif.) office Monday afternoon, House Financial Services Chairman Barney Frank (D-Mass.) signaled that a near-finished auto industry bailout bill is on track for passage.

“I don’t see anything that’s going to stop an agreement,” Frank said. “It is overwhelmingly likely that a bill will be on the president’s desk by the end of the week.”

Still, Frank said negotiations on the package are still ongoing. Asked what sticking points remain, he said: “It’s not useful to talk about that publicly.”

Pelosi and other House Democratic leaders will hold a press conference at 4:15 to discuss the status of the bill.