Senate Passes Energy Bill; House Plans to Take up Bill Tomorrow

The U.S. Senate has passed a scaled-back version of an energy bill that would increase automobile fuel economy standards for the first time in 30 years, but the bill has eliminated two more controversial measures opposed by Republicans and the chemical industry. The House is scheduled to vote on the revised bill tomorrow. The legislation would raise the corporate average fuel economy (CAFE) standards for automobiles 40%, to 35 miles per gallon, by 2020. Democrats had to strip several measures from the bill, including billions of dollars in tax increases for oil...

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