Compromise in US car bail-out bid

A bipartisan group of car industry state senators has reached a last-ditch compromise to throw the Big Three car manufacturers in the US a government lifeline worth billions of dollars, but it faces an uphill battle in a reluctant Senate.

With the car bail-out stalled, the fate of hundreds of thousands of workers and Detroit's once-venerable car companies hangs in the balance.

Senate Majority Leader Harry Reid cancelled plans for a vote on a bill to carve 25 billion dollars in new loans out of the 700 billion dollar Wall Street rescue fund. The Bush administration and congressional Republicans opposed that plan.

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