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Congress Wants Plan From Carmakers Before Giving Aid

Stock quotes in this article: F , GM , DAL , LCC  

Updated from 2:47 p.m. EST

Democratic leaders want the Big Three automakers to come back next month with a better explanation of how a Congressional bailout could save their companies.

Senate Majority Leader Harry Reid, D-Nev., said Thursday he will ask the CEOs of Ford (F Quote), GM(GM Quote) and Chrysler, who spoke on Capitol Hill this week in a bid to get a $25 billion aid package, to return to Washington the week of Dec. 2 to provide additional testimony.

Reid said more hearings are required because neither Congress nor the American people were convinced by their recent comments. Getting a bill through Congress at this point would be impossible, given the current lack of support, he said. ...

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