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White House, Democrats to meet Saturday on auto aid
Christopher Dodd (L), chairman of the Senate Banking Committee and Senator Richard Shelby listen to testimony from the leaders of the big Detroit automakers during hearing on a financial assistance package for the companies on Capitol Hill, December 4, 2008.
Credit: Reuters/Joshua Roberts
WASHINGTON |
WASHINGTON (Reuters) - Democratic leaders in Congress and the White House will meet again on Saturday to negotiate a rescue plan to help U.S. automakers, a congressional source told Reuters on Friday.
General Motors, Ford Motor, and Chrysler have asked Congress for a combined $34 billion.
"We will meet tomorrow and go from there," the source said, speaking on condition of anonymity.
The White House and Democratic leaders had been locked in a stalemate until U.S. House Speaker Nancy Pelosi, a California Democrat, dropped her opposition to using an existing $25 billion advanced technology fund to help Detroit.
(Reporting by Thomas Ferraro; Editing by Gary Hill)
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