Time is running out for U-S automakers.The big three pleaded for a bailout from the federal government-- they now have a deadline to submit a plan to congress on how they'd use the cash.The debate surrounding a financial rescue is at a feverish pitch.Meanwhile there are other economic decisions out of Washington today.Fox's Tracey Byrnes reports.It's back to the drawing board for the big three u-s automakers.PELOSI says "we called upon them to submit plan by December 2nd as to what money they are asking for would be used for. We still haven't seen that justification."After two days of testifying on Capitol Hill, lawmakers were not convinced the companies could properly use 25 billion in taxpayer dollars.SHERMAN says "I am for giving them a bridge loan, but it can't be a bridge loan to no where, it has to be a bridge to sustainable united states based automobile industry."Automakers warn of millions of layoffs if they don't receive the assistance soon.General Motors says it is extending its holiday shutdown and will make production cuts as the company fights to stay afloat.Supporters of the bail out say they want to act quickly but need to see a plan of action.UPTON says the alternative is we are going to let 2 and 1/2 million jobs go, go, they're just not going to be there if any of the big three fails."Some warn the loses will trickle down to auto related industries.BOND says "All of which face absolute destruction if the auto companies shutdown."Meanwhile, president bush left the white house today for an economic summit in Peru.Before leaving he signed an extension of jobless benefits.The White House also had harsh words for congress saying it was appalling lawmakers left for the holiday without addressing the problems of automakers.BYRNES says: "After the big three submit a plan, Congress could begin considering bail out legislation the second week of December.In New York, Tracey Byrne's, Fox Business.