Printable Page Headline News   Return to Menu - Page 1 2 3 5 6 7 8 13
Senators: 9/11 Bill Vote Next Week     07/19 06:16

   WASHINGTON (AP) -- The Senate will vote Tuesday on a bipartisan bill to 
ensure a victims' compensation fund related to the Sept. 11 attacks never runs 
out of money, Senate Majority Leader Mitch McConnell said Thursday.

   The announcement came after Democratic Sens. Kirsten Gillibrand and Chuck 
Schumer, both of New York, reached an agreement with Republican Sens. Mike Lee 
of Utah and Rand Paul of Kentucky to bring up the bill with two amendments 
sponsored by the GOP senators.

   Paul and Lee had been blocking a vote. Paul was concerned about its effect 
on the deficit, while Lee wanted to ensure the fund has proper oversight in 
place to prevent fraud and abuse.

   Gillibrand said 9/11 first responders and their families have had "enough of 
political games." The legislation has 74 Senate co-sponsors, including 
Gillibrand, and easily passed the House last week.

   The bill would extend though 2092 a fund created after the 2001 attacks, 
essentially making the fund permanent. The $7.4 billion fund is rapidly being 
depleted, and administrators recently cut benefit payments by up to 70%.

   The Congressional Budget Office estimates the House-passed bill would result 
in about $10.2 billion in additional compensation payments over 10 years, 
including more than $4 billion for claims already filed.

   As part of the deal, Democrats agreed to allow Lee and Paul to bring up 
amendments addressing their concerns. Gillibrand called the GOP amendments 
"needless and callous" and predicted they would be easily defeated.

   "This (upcoming) vote is long overdue," she said at a news conference 
announcing the bipartisan deal. "No more excuses. We have to finish the job."

   The agreement came as comedian Jon Stewart again blasted Republicans who 
have held up the bill. He said Wednesday night on Fox News Channel that it was 
"absolutely outrageous" that Paul blocked Gillibrand's request to approve the 
bill by acclamation earlier in the day.

   Paul supported the 2017 GOP tax cut that added hundreds of billions of 
dollars to the national debt, "and now he stands up at the last minute ... to 
say we're going to balance the budget on the backs of the 9/11 first responder 
community," Stewart said.

   Lee's amendment could force beneficiaries to return to the Capitol to ensure 
the fund does not run out of money, Stewart said, calling that "an abomination."

   Lee said on the Senate floor Thursday that he is not blocking benefits for 
9/11 first responders, but merely trying to ensure that "the program created in 
their honor in fact benefits them."

   A spokeswoman for Paul said he is "not blocking anything. He is simply 
seeking to pay for ... this legislation."


"Central States Commodities, INC. is a registered trademark. All rights reserved. Central States Commodities, INC. is a Guaranteed Introducing Broker of R.J. O'Brien. Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results."
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN