The Bush administration has said that they do not anticipate any announcement of a bailout plan using the $700 Troubled Assets Relief Plan (TARP) fund on Monday despite a weekend spent negotiating such a plan with the automakers:
 

The White House said Sunday it does not expect to make an announcement by Monday on a possible plan to prevent the collapse of the troubled U.S. auto industry.

The Bush administration is considering ways to provide emergency aid to General Motors Corp. and Chrysler LLC, which have said they could run out of cash within weeks without government help.

White House officials said they did not expect an announcement on any funding for the companies on Sunday or Monday. President George W. Bush made a surprise visit to Iraq on Sunday.

The article also quotes Sen. Bob Corker (R-Tenn.), who opposed the bailout plan in the Senate last week, as saying that “both Chrysler and GM are on the verge of bankruptcy, just a few days away.”