OEC orbital corporation limited

Senate OKs CAFE hikeDemocrats bow to Bush veto threat; bill...

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    Senate OKs CAFE hike
    Democrats bow to Bush veto threat; bill signing expected

    Harry Stoffer

    WASHINGTON -- The Senate has approved a streamlined energy bill that
    will raise vehicle fuel economy standards 40 percent to 35 mpg by
    2020.
    The Senate voted 86-8 Thursday night for the measure.
    The phase-in of higher standards for cars and light trucks would
    begin with the 2011 model year. It would be the first congressionally
    mandated hike in the corporate average fuel economy program, or CAFE,
    since its creation in 1975.
    Senate approval came after Democratic leaders bowed to veto threats
    by President Bush. They removed tax hikes and provisions to require
    utilities to use more renewable fuels.
    The measure is expected to get a final vote of approval by the House
    of Representatives next week and then be signed into law by President
    Bush.
    The bill would require a dramatic ...

    Read the entire story



 
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