F1 boss not optimistic about US race in 2012

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SAO PAULO (AP) -- Formula One's boss says he is "not really" optimistic about the U.S. Grand Prix taking place next year and has set a Wednesday deadline for American organizers to guarantee its long-term financial backing.

Organizers for the proposed race in Austin, Texas, say they have agreed to pay the sanctioning fee to secure a spot on next year's race calendar, but that's not enough for F1 chief Bernie Ecclestone.

Speaking on Thursday ahead of the Brazilian Grand Prix, Ecclestone says "they might pay something now but it's the future we are looking for, we are not looking for (a) short term" solution.

He also says he's "confident" the Bahrain GP will be back on the calendar next season and that it "should have been there this year."