The White House has established a draft of a bill from the Congress that would aspire to stay Detroit's Big Three carmakers rolling atleast into coming year.

The draft bill will call on President Bush to select any one or more people inside the executive branch to sanction, dissolve and look-over a loan for the auto industry.

The White House press secretary Dana Perino told that the deal was "very likely" to be announced out by the end of the day.

The White House and Congress have been working to muddle out a cautious agreement that would give General Motors and Chrysler a short-term blend of about $15 billion in a low-interest loan to stay afloat in the months ahead. Ford has also requested loans but will have to wait.