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Friday, Mar 29, 2024

Bailout door for automakers still open

Reporting from Washington — Congressional leaders agreed Thursday to give Detroit automakers more time to make their case for a $25-billion emergency bailout, but they demanded that General Motors Corp., Ford Motor Co. and Chrysler provide detailed plans for using the money to assure their long-term viability without more handouts. House Speaker Nancy Pelosi (D-San Francisco) and Senate Majority Leader Harry Reid (D-Nev.) agreed to call Congress back into session next month to revisit the bailout issue. For the full story visit www.latimes.com/business/la-fi-bailout21-2008nov21,0,2593789.story

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