Deal would provide $15 billion in loans to car industry

WASHINGTON — Facing massive job losses, the White House and congressional Democrats are negotiating a deal to provide about $15 billion in loans to prevent Detroit’s weakened auto industry from collapsing.
The White House said it was in “constructive discussions” with lawmakers in both parties to dole out the assistance as House and Senate staff aides worked through the weekend drafting bailout legislation that is expected to come to a vote next week.