Michelle Malkin says things are going on behind closed doors and, via Allahpundit, Roll Call says we could be seeing a vote on the Corker amendment this evening. The amendment would force the UAW to lower wages to levels competitive with foreign manufacturers. If it fails…the bailout might just be dead.

Meanwhile, Senator Jim DeMint (R-SC), a staunch opponent of the bill as-is, is talking about the potential for riots if the bailout goes through. I wouldn’t be surprised considering how much of the public opposes one, but I don’t think we’ll see it come to fruition. Most people have neither the time nor the inclination to get violent over getting screwed by their “representatives”. They’re pretty much used to it.

Oh, and GM supposedly retained bankruptcy counsel but decided against filing. I guess the prospect of a multi-billion dollar check from Uncle Sam is a more attractive option.

More details as they become available.

Update: Via Michelle Malkin, prepare yourself. It looks like Republicans and Democrats may once again come together to screw over the American people. They do that oh so well.

Officials say Republican and Democratic senators are struggling to resolve one last dispute standing in the way of an emergency bailout for U.S. automakers.

The top Senate Democrat says the compromise could see a vote tonight. Majority Leader Harry Reid says the lead Republican architect of the deal is briefing colleagues on its outlines, and Democrats were prepared to move forward on it quickly.

His announcement came after hours of marathon talks at the Capitol between labor, lawmakers and the auto industry to salvage the Big Three rescue. The talks centered on wage and benefit concessions from the United Auto Workers union as well as debt restructuring by General Motors, Ford and Chrysler.

It wasn’t immediately clear what was standing in the way of a final agreement.

Goody.

More: One has to wonder how our recent Republican nominee will vote on this. Will he join the contingent of Republicans who, for some reason, think that voting for a bailout will help them in Michigan or amongst the UAW? Or will he stand opposed to wasteful spending?

One is also left to wonder where Sarah Palin stands on the bailout. Here position could well determine how viable she is in ’12.