WASHINGTON (Reuters) - House of Representatives Democratic Leader Steny Hoyer said on Tuesday he hoped Congress will be able to take action next week on struggling U.S. auto manufacturers' requests for federal financial aid.
"Today, the automakers are presenting to Congress their plans for restructuring," said the Maryland Democrat in a statement. "We will examine them closely in the days to come."
Congressional committees will hold hearings on Thursday and Friday on auto makers' pleas for $25 billion in assistance.
"I hope that those hearings, along with the plans submitted today, will lead to increased public confidence in the auto industry's viability and that Congress will be able to take action NEXT (NXT.LO)week," Hoyer said.
(Reporting by Kevin Drawbaugh; editing by Richard Chang)
