Economy | And Congress may then decide to show the auto industry the money when it reconvenes in December
by Emily Belz
Posted 11/20/08, 12:00 am
WASHINGTON-A $25 billion bailout for the auto industry fell flat Thursday when Senate and House leadership decided to postpone the legislation. Lawmakers demanded that the auto chiefs present more specific plans on how they would use the money to the House and Senate banking committees by Dec. 2. Congress plans to reconvene Dec. 8 to reconsider the legislation.