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Levin Says Auto Rescue Package May Not Pass

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Dec 7, 2008 4:15 am US/Pacific

Levin Says Auto Rescue Package May Not Pass

Timeline: U.S. Credit Crunch & Financial Failures

View Market Summaries & Leading Stock Changes

WASHINGTON (AP) ―

Click to enlarge 1 of 1: U.S. Sen. Carl Levin (left) and GM CEO Richard Wagoner, Jr. wait to testify before the House Finincial Services Committee on their joint request for a $25 billion (USD) "bail-out" loan to avoid Chapter 11 bankruptcy on Nov. 19, 2008. (File)
Tin Sloan/Getty Images

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Congress Rushes To Draft Emergency Auto Loan Plan
(12/7/2008)
Dems, White House Agree On Auto Bailout
(12/6/2008)
Bush: Auto Industry Must Pay Back Federal Aid
(12/5/2008)
United Auto Workers Say They'll Renegotiate
(12/3/2008)
GM Warns It Won't See New Year Without Aid
(12/3/2008)
Hawaii To Roll Out Electric Car Stations
(12/3/2008)
Automakers Make Their Bailout Pitches
(12/3/2008)
Auto Sales Continue Plunge As CEOs Beg For Aid
(12/2/2008)
United Auto Workers Chief Begs Big 3 To Craft Plan
(12/1/2008)
Pelosi: Automakers Must Show 'Viable Plan'
(11/20/2008)

One of the auto industry's biggest supporters in Congress says he doesn't know if there are enough votes to pass a rescue plan.

Sen. Carl Levin says he is confident that White House and congressional Democrats will complete a deal in the next several days on a $15 billion aid package.

But as for passing that deal, the Michigan Democrat calls that a much more complicated question.

Auto industry supporters fear an impending collapse of General Motors and Chrysler unless immediate government help is provided. Democratic congressional aides are working through the weekend to hammer out details. Votes on the plan are expected this coming week.

Levin appeared on "Fox News Sunday."

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Levin Says Auto Rescue Package May Not Pass

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