WASHINGTON -(Dow Jones)- U.S. Senate Majority Leader Harry Reid, D-Nev., on Thursday all but acknowledged that lawmakers will have to rework a House-passed energy bill in order to get it passed this year, saying he would take a step on Friday to get around Republican opposition even knowing his effort would fail.
“We’re going to have a cloture vote in the morning,” Reid said Thursday on the floor of the Senate. “From all indications that I’ve gotten from the minority, cloture will not be invoked on this.”
Brian Wingfield in Forbes: “Why the Energy Bill Will Die.”
“Unfortunately, the bill contains several highly objectionable provisions that would impose higher costs on American taxpayers, electricity consumers and businesses,” the White House said in a statement threatening a veto. “Specifically, the bill raises taxes in a way that will increase energy costs facing consumers.”
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