Published 11/21/2008
by Carrie Dann
at First Read
From NBC's Carrie Dann They're on notice.
At her weekly press briefing this morning, House Speaker Nancy Pelosi reiterated a stern call to America's automakers to lay out a plan for their own survival in advance of a proposed lame duck session to take up the issue of federal aid to the industry.
"We have some problems because they keep changing the request," she said of automakers, who have ruffled Congressional feathers by appearing unenthusiastic about receiving funds earmarked for innovation rather than immediate assistance to promote liquidity. "We want it in writing. What is it that they want [the federal funds] for? We stand open to be helpful."
The Speaker of the House said that she and Senate Majority Leader Harry Reid have drafted a letter to the CEOs of the big three automakers designed to "giv[e] them some idea of what we do mean by viability and accountability to the American taxpayer." ...( read more )
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