We await the fate of the nation's Big Three automakers and their employees.
"One out of 10 jobs in this country are auto-related. Twenty percent of retail sales are auto-related or automobiles, so this is a national problem," Sen. Carl Levin, D-Michigan, told NBC's "Meet the Press”.
The Center for Automotive Research, a think tank in Ann Arbor, Michigan, that is pushing for a bailout, estimates about 2.5 million job cuts if just half of the Big Three's manufacturing capacity shuts down.
About 240,000 of those job losses would be at the automakers; 800,000 would be at various suppliers and dealerships; and another 1.4 million job losses would come from businesses that rely on automaker spending, the think tank estimates.