So much for the Detroit bailout that was supposed to be announced later today.
CNBC is reporting that there is no deal.
The network says: "Senate Majority Leader Harry Reid and House Speaker Nancy Pelosi said a compromise agreement worked out earlier Thursday by four key senators would not be approved. Instead, they said they will hold more hearings in December to consider the auto industry’s pleas."
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So much for the Detroit bailout that was supposed to be announced later today.
