House Speaker Nancy Pelosi, D-Calif., agreed. 'Until they show us a plan, we cannot show them the money,' she said, adding that the three CEOs failed to convince Congress. Congressional leaders said they would ask the auto companies to present a detailed plan by Dec. 2 for restructuring their businesses and how they will spend the funds, with Congress returning to Washington to consider the plan. The CEOs will have to return for more hearings to defend their plan and explain how they will move to profitability. The announcement by Pelosi and Reid ended hopes Congress could vote Thursday on a bipartisan plan, negotiated by senators from Michigan and other auto states, for $25 billion in immediate aid.Reid vowed to 'fully vet the auto industry's proposal.' 'The key here is accountability and viability. That's what we're seeking. That's not too much to ask,' Reid told reporters. He and Pelosi said the auto executives who testified to Congress this week failed to convince lawmakers that they deserved a $25 billion taxpayer investment and had been hurt by revelations that they flew to Washington in private corporate planes. In a brief Detroit News interview, Pelosi said she wasn't calling on the CEOs to resign. 'Let's see what their plan is,' Pelosi said. 'Let's hope that when they understand that there's a standard for getting taxpayer dollars that they'll show us a plan... I just want them to innovate and compete. I'm tired of them saying, 'Oh we have legacy costs.' Yes, and we should deal with that but that doesn't prevent them from competing and innovating in their thinking and building cars that people want to buy.' Reid said it was hard to sell aid to automakers when the executives traveled in private corporate jets that cost tens of thousands of dollars to operate. 'The best way to proceed is to give them another opportunity to make their case, to the Congress and the American people,' Reid said. Ford Motor Co. issued a statement saying it would send a plan to Congress. 'Ford welcomes the opportunity to provide our plan to Congress,' spokesman Mike Moran said. General Motors Corp. spokesman Greg Martin said the company to address the concerns of Congress. 'We intend to deliver a plan to Congress that shows them a viable General Motors,' Martin said. Sen. Carl Levin, D-Detroit, who negotiated the compromise deal with Republican senators, said he was 'disappointed' that there would be no vote this week, and said he thought the plan could have received the 60 votes needed to get through the Senate. 'But I am encouraged that the leadership at least have made the commitment to take every step we need to take to help the industry.' Levin rejected a suggestion they wait until President-elect Barack Obama takes office. In August, he endorsed $50 billion in low cost government loans to the automakers. 'We're not waiting. We're fighting,' Levin said. Sen. Debbie Stabenow, D-Lansing, said they would not have been able to move ahead quickly because some senators would have objected. The carmakers will have to provide reports to the Senate Banking Committee and House Financial Services Committee on how they would use the money to remain viable. Sen. Chris Dodd, D-Conn., the chairman of the Senate Banking Committee, said he would hold new hearings with the CEOs on their new plans in consultation with Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee. Auto state senators had reached a deal earlier Thursday on a last-ditch agreement to provide $25 billion in quick aid to automakers. Levin and Stabenow negotiated overnight Wednesday with Republican Sens. Kit Bond of Missouri and George Voinovich of Ohio on a plan, favored by Republicans and the White House that would draw the money from the $25 billion retooling program, which was approved in September. The companies would be required to adopt limits on executive compensation and bonuses and wouldn't be able to use the funds to pay dividends. An oversight board would be appointed to monitor how the money is spent. House leaders opposed using the retooling money, which has been important to environmentalists and other Democratic constituencies. Under the compromise bill, the companies would have to show plans to the Commerce Department 'to show that the companies are financially viable,' Levin said. In the end, the compromise bill may still get approved, he said. Last month, GM and Ford announced $14.6 billion in cash losses in the third quarter and GM warned it could run out of cash by early next year. Chrysler said this week it burned $3.3 billion in cash in the third quarter and had $6.1 billion on hand and was also in danger of running out of money. GM wants $10 billion to $12 billion, while Chrysler and Ford have asked for about $7 billion each, although Ford said it doesn't need the money immediately unless the economy turns worse. GM's stock soared on the original news of a compromise agreement, hitting $4 a share after falling to $1.70 earlier in the day, a 70-year-low. It closed at $2.93. Ford ended the day at $1.32, after falling as low as $1.01 a share.