Government Closes In On Deal for Automakers

"While the situation in Washington remains dynamic, I am very encouraged by the developments over the weekend and the growing interest shown by Congress and the administration to provide needed financial assistance to the three Detroit automakers."

On Monday, members of the United Auto Workers, active workers and retirees, were on Capitol Hill to make the case that the auto industry deserves financial help from the government.

Frank Hammer, a retired GM worker, rejected the notion that the major automakers are suffering severe problems because of high wages and costly benefits for workers.

"The blame lies directly with the reckless behavior of Wall Street and the politicians who have removed all constraints on their unbridled greed," Hammer told reporters at a news conference.

"We urge Congress to endorse the bridge loan immediately, although we reject the notion that auto workers must make further concessions for its approval," he said.

ABC News' John Hendren, Jon Garcia, Dean Norland and Z. Byron Wolf contributed to this report.

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