The Associated Press reports that talks between General Motors, their bondholders and the UAW are making progress, but may not be done in time to present a viable restructuring plan to Congress by the Tuesday deadline:
 

Two people briefed on the GM plan reported progress toward a deal with the United Auto Workers. Both spoke on condition of anonymity because the negotiations are private.

But UAW Legislative Director Alan Reuther said Monday he does not expect labor agreements in time for Tuesday’s deadline.

One of the people briefed on GM’s plan said some parts, such as bondholder and labor agreements, probably won’t be complete by the time the plan is submitted to the Treasury Department late Tuesday. GM executives have said the company only has to show substantial progress by Tuesday, with the whole plan finalized by March 31.

I don’t expect this to be a problem. As long as they’re making progress, it’s difficult to imagine the Democratic leadership in Congress or the Obama Treasury Department not giving GM every benefit of the doubt.