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Stark Auto Warning: There's No 'Plan B'

GM, Ford and Chrysler Announce Restructuring Plans, Pay Cuts for Top Execs

Congress On the Brink

Rescue plans for the automakers face a skeptical, bailout-weary Congress.

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As one senior auto-industry executive told ABC News, "Even if the plans are well received and even if we have perfect hearings, I am not sure how this can be done legislatively." Many in Congress oppose any bailout for the auto industry, and those who favor helping Detroit disagree about where the money should come from.

The No. 3 Democrat in the House called for the CEOs of GM, Ford and Chrysler to be fired.

"If I had my way, all three of those guys would be in the unemployment line, and I think that ought to be one of the conditions for us doing this," House Majority Whip Jim Clyburn, D-S.C., told reporters Monday. "We need to have new leadership. That's what we would do if we had this kind of failure on a football field. We would be getting a new coach, sometimes a new athletic director," he said.

With reports from ABC News' Charles Herman and the Associated Press.

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