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U.S. Congress is not ready to rescue autogiants

U.S. congressmen told the three major car companies, caught in a difficult situation because of the recession, to offer its own plan for ending the crisis, if they want to receive from the government aid package worth 25 billion dollars.

Leaders of both houses of the U.S. Congress said that the heads of companies Chrysler, Ford and General Motors must submit such a plan until Dec. 2.

Earlier, four senators announced their agreement to assist the road companies. However, Speaker of the House of Representatives Nancy Pelosi announced that it had no plans the Government is not going to help them.

"The leaders of the automotive industry failed to convince the American people and Congress that besides the 25 billion U.S. aid to them will no longer need," - said the leader of the majority in the Senate Gerri Reid.

Democratic leaders in Congress have postponed until December to vote on the provision of assistance to the automotive industry. They require that the car company to substantiate how the government funds allocated to help them stabilize their finances.

"As long as they do not show us a plan, the money they do not like" - Nancy Pelosi said at a press conference.

Under the threat of jobs

On Thursday, Senate Democrats from the heart of American automobile - Michigan, Carl Levin and Debbie Steybnau, as well as Republicans Kit Bond and George Voinovich announced that they reached an agreement to assist avtomozavodam. But they have not been able to enlist broad support.

"Of course we are very disappointed that the decision was postponed," - said Senator Levin.

Leaders of companies Ford, General Motors and Chrysler this week called on the two committees of Congress with a request for his 25 billion dollars.

Representatives of the automotive industry say that it threatens to collapse and millions of Americans could lose their jobs.

Some Democratic Party demanded that the White House and the Ministry of Finance allocated to support the automotive companies 25 billion dollars from an already agreed package to save the economy of $ 700 billion.

The Bush administration and many Republicans favor of granting them loans of 25 billion dollars intended to help those companies to develop more economical cars.

Meanwhile, the union president Ron Gettelfinger industry said on Thursday that politicians should take immediate measures to rescue the automobile companies. On Tuesday and Wednesday, he spoke at hearings in various committees of Congress in favor of an immediate allocation of loans.
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