Skip navigation

Current DateTime: 07:57:52 30 Nov 2009
LinksList Documentid: 24355697
  • The Cost of True Love

      In the popular holiday song "The 12 Days of Christmas," the cost of gifts - from the 12 drummers drumming to a partridge in a pear tree - is quite pricey.

  • Runway Angels

      The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Show.

  • Smartphone Guide

      Here's a need-to-know guide to nine devices, based on features, price, network and platform.

Energy bill stalls in Senate
By: The Associated Press | 07 Dec 2007 | 04:50 PM ET
Text Size
Passed in the House, it halts with GOP opposition to tax increase

WASHINGTON - Senate Democratic leaders failed to get the votes needed Friday to proceed with quick consideration of a House-passed energy bill and began searching for a compromise that could overcome a Republican filibuster.

Senators by a 53-42 vote fell short of moving ahead with the legislation passed by the House on Thursday. Sixty votes were needed to overcome GOP objections.

"I would hope this sends a signal," said Sen. Pete Domenici, R-N.M. after the vote.

Senate Republicans have made clear they are strongly opposed to a $21 billion tax package in the House-passed bill, including $13.5 billion in oil industry taxes, as well as a requirement for electric utilities to generate 15 percent of their power by renewable energy such as wind and solar.

They are the "twin millstones" that will keep the legislation from passing the Senate, declared Republican leader Mitch McConnell of Kentucky.

Majority Leader Harry Reid of Nevada said attempts would be made to try to work out a compromise on the two contentious issues that he plans to return to the energy legislation next week.

The bill, passed by the House on Thursday has as its centerpiece a requirement to increase automobile fuel economy by 40 percent, the first such increase by Congress in more than three decades.

It also would require a sevenfold increase in the use of ethanol as a motor fuel to 36 billion gallons a year by 2020.

Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Tools:
Print EmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • Ever wished your cab driver would stop chatting and just get to where you're going? Well, that moment is closer than ever.
  • UPS truck
  • UPS is giving its customers the option to offset its carbon emissions when sending a package.
  • Romania's presidential campaign has been rocked by a video that may show the president striking a 10-year-old boy.
  • alligator
  • Raising alligators is hard work, and the fickle taste of rich consumers has just made it much harder, says the NY Times.
  • A recent issue of ESPN Magazine was one of its top sellers ever, and it only took scantily clad athletes to make it happen.
  • The continued real estate boom in China is partially fueled by a generational flood of newlyweds.
ADD COMMENTS
Remaining characters


Current DateTime: 05:22:43 30 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 11:44:56 30 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 05:55:24 30 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 11:23:58 30 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters