Congressional leaders have decided to hold off on approving a $25 billion bailout of General Motors, Ford and Chrysler. Senate Majority Leader Harry Reid and House Speaker Nancy Pelosi have given the automakers until December 2 to submit a new proposal.

Nancy Pelosi: “It is all about accountability and about viability. Until we can see a plan where the auto industry is held accountable and a plan for viability on how they go into the future, until we see the plan, until they show us the plan, we cannot show them the money. And that is really where we are with this.”