Story Created:
Nov 20, 2008 at 2:33 PM EST
Story Updated:
Nov 20, 2008 at 2:33 PM EST
WASHINGTON (AP) - Democratic leaders in Congress have put off a vote on bailing out the auto industry until next month, and want the top companies to present a plan showing the money will make them financially viable.
"The executives of the auto industry have not been able to convince the American people or the Congress that this bailout would be their last," Senate Majority Leader Harry Reid of Nevada said at a news conference.
House Speaker Nancy Pelosi said: "Until they show us the plan, we cannot show them the money."
The industry has been asking for $25 billion in loans to stay in business until spring.
(Copyright 2008 by The Associated Press. All Rights Reserved.)