Submitted By Todd on November 20th at 6:49pm
* Reid says will give automakers another opportunity to make their case to Congress, submit plan by December 2. * Reid says prepared to come back into session the week of December 8 to help automakers get assistance. * Reid says Bush administration already has authority to provide automakers aid under Treasury Dept's TARP program. * U.S. House Speaker Pelosi says "until they show US a plan, we cannot show them the money" regarding automaker aid.Barack wants a bailout, and whatever Obama wants, Obama gets. At least for now.
* Reid says automakers must develop bailout proposal that can pass congressional muster during week of December 8.