Thursday, March 09, 2006

Congress Moves To Kill UAE Ports Deal ... Veto Expected


Lawmakers took their first formal steps yesterday toward killing Dubai Ports World's acquisition of management operations at six major U.S. ports when the House Appropriations Committee added a measure to a must-pass war-funding bill that would block the deal. The vote was 62 to 2, with only Reps. Jim Kolbe (R-Ariz.) and James P. Moran Jr. (D-Va.) opposing it. A full House vote on the bill is expected to pass overwhelmingly next week.

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