Reid Seeking To Set Up Series of Senate Auto Bailout Votes
By Joseph J. Schatz and Kathleen Hunter, CQ Staff
Senate Majority Leader Harry Reid was working Thursday to set up Senate votes on alternative approaches to an auto industry bailout.
Reid, D-Nev., was huddled with Minority Leader Mitch McConnell , R-Ky., shortly after the Senate convened at 10 a.m., attempting to work out a unanimous consent agreement on a limited number of full alternatives.
If that effort fails, Reid warned, he will make one effort Friday to proceed to a shell bill (HR 7005) that would be the vehicle for action, and toss in the towel if he is blocked in that attempt.
President-elect Barack Obama , speaking at a news conference in Chicago, urged the Senate to act.
“At this moment of great challenge for our economy we cannot simply stand by and watch this industry collapse. Doing so would lead to devastating ripple effect for our economy,” he warned.
“I’m hopeful that a final agreement can be reached this week,” he added.
Any measures put before the Senate for votes this week are likely to require 60 votes to advance — with or without formal cloture votes to limit debate.
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