creative commons - flickr.com: http://www.flickr.com/photos/barackobamadotcom/2983227148/Enlarge Photo
Specifically, Pelosi and other Democratic leaders want to see viability plans from the Big Three that ensure good stewardship of taxpayer money and clear, concise plans toward corporate health and intelligent restructuring. The bipartisan group of senators and the Big Three had hoped to redirect the $25 billion in low-interest loans toward simply bridging their current cash crises and remaining solvent for the time being.
In blocking immediate emergency federal loans to the Big Three, Democrats have forced the domestics to show just how they would use the aid. Hearings on their plans are scheduled for December 2, and a vote by Congress is scheduled on or around December 8 when Congress returns to consider aid to the struggling Big Three.--Colin Mathews