♦ Congressional Democrats and the Bush administration are in the final stages of negotiating an auto bailout package. A vote in the House is expected as soon as Wednesday afternoon. [NYT]
♦ Bad news for GMAC: The auto and consumer lender failed to secure additional financial and will not be able to transition to a bank holding company. [CNNMoney]
♦ Yahoo! is expected to hand out 1,500 pink slips today. [CNN]

♦ Citadel's Ken Griffin gives a rare interview about his firm's disastrous run as of late. But the future looks bleak, too. [Fortune, NYP]
♦ AIG lost another $10 billion that only came to light recently. [WSJ]
Daniel Och's Och-Ziff Capital Management is scaling back in Asia. [Bloomberg]
♦ Commercial real estate in midtown isn't the only victim of the financial crisis. The vacancy rate in Westchester and Fairfield county is up, too. [NYT]