Pelosi reportedly ready to use fuel efficiency fun

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Pelosi reportedly ready to use fuel efficiency fun
« Thread Started on Dec 7, 2008, 11:16am »

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Pelosi reportedly ready to use fuel efficiency funds for automakers’ bailout
Posted: 07:49 PM ET
From Dana Bash
CNN Congressional Correspondent

WASHINGTON (CNN) — House Speaker Nancy Pelosi has backed down from her opposition to a rescue of the auto industry with funds intended to make environmentally sound vehicles, two congressional officials told CNN Friday.

Congressional Republicans and President Bush supported the idea of using the $25 billion fund that had been earmarked for fuel efficiency research.

Pelosi released a statement saying that Congress was “considering various short-term funding options,” but added that no funds would be released from the research program “unless there is a guarantee that those funds will be replenished in a matter of weeks.”