(Reuters) - WASHINGTON, June 21 - The U.S. Senate on Thursday
dropped $32 billion in clean-energy incentives from ongoing
energy legislation after Republicans objected to about $29
billion in extra taxes on big U.S. oil companies.
The Senate also approved compromise legislation that would
raise vehicle fuel-efficiency standards, for the first time in
30 years, to 35 miles per gallon by 2020. The House of
Representatives has yet to act on fuel-economy standards.
Read more at Reuters.com Bonds News
dropped $32 billion in clean-energy incentives from ongoing
energy legislation after Republicans objected to about $29
billion in extra taxes on big U.S. oil companies.
The Senate also approved compromise legislation that would
raise vehicle fuel-efficiency standards, for the first time in
30 years, to 35 miles per gallon by 2020. The House of
Representatives has yet to act on fuel-economy standards.
Read more at Reuters.com Bonds News
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