For Detroit’s struggling automakers, the wait continues.
There will be no word on the fate of the struggling industry’s financial bailout at least until President George W. Bush is safely home later on Monday after ducking shoes in Iraq and visiting U.S. troops in Afghanistan, the White House says.
Most analysts and observers are expecting White House action soon to help the carmakers after the Senate’s failure last week to approve a $14 billion bailout that could avert catastrophic failures and millions of job losses in a recession-wracked economy.
But White House spokesman Dana Perino said there was no timetable for a decision.
The future of Illinois Gov. Rod Blagojevich also hangs in the balance. He remains in office but largely out of sight nearly a week after being charged with putting President-elect Barack Obama’s U.S. Senate seat up for sale.
Illinois Attorney General Lisa Madigan said Sunday she heard there was a possibility he would step aside on Monday, but Blagojevich spokesman Lucio Guerrero said there would be no resignation.