Auto bailout: What's next?

From NBC's Ken Strickland Here's the state of play in the Senate after conversations with staffs on both sides of the aisle about "what's next" on bailing out the automakers. At this point only one thing is clear: the Senate will be in session Monday at 3 p.m. Senate Majority Leader Harry Reid has instructed Banking Chairman Chris Dodd and his staff to work over the weekend with the hope of presenting multiple proposals to members on Monday afternoon.  Reid will then try to find consensus within his caucus on how to move forward.  He'll simultaneously also need to find common ground with Republican Leader Mitch McConnell not only of the substance of any legislative proposals, but equally important, on the process for getting to final votes.   The hope is to have final votes no later than mid-week. There could be votes of different proposals, probably requiring 60 for passage. At this point, it looks like the Senate would act first. ...( read more ) (link)