Pelosi seeking relief for auto industry
WASHINGTON (AP) - Democratic aides say Speaker Nancy Pelosi intends to seek legislation to provide relief to the battered auto industry, and wants it done in a post-election session of Congress likely to convene in the next few days.
Pelosi is not expected to specify how large a bailout she wants. The aides who described her views Tuesday did so on condition of anonymity, saying they were not authorized to discuss it publicly.
The speaker's decision comes a few days after General Motors warned it is rapidly running out of cash, and Ford announced its situation was only slightly better.
President Bush would have to agree to sign the legislation, which would be passed well before President-elect Obama takes office.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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