Pelosi Says Emergency Aid For Autos Will Not Delay Advanced Technology Initiative
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
Washington, D.C.— Speaker Nancy Pelosi issued the following statement tonight on emergency, short-term funding for the American automobile industry:
"Congress is considering various short term funding options for the American automobile industry. We will not permit any funds to be borrowed from the advanced technology program unless there is a guarantee that those funds will be replenished in a matter of weeks so as not to delay that crucial initiative. Regardless of the source, all funding needs will be tightly targeted with vigorous supervision and guaranteed taxpayer protection."