Fuel economy bill has seventy percent chance of passage

The new compromise energy bill that was announced over the weekend will almost certainly get passed by the Democrat-controlled Congress starting with the House of Representatives this week. Unfortunately there is still that pesky issue of a possible presidential veto. An anonymous Washington lobbyist told BloggingStocks that the bill currently has about a 70/30 chance of becoming law. The main issues are some of the renewable energy requirements for utilities and potential tax increases that may get tacked on. If the tax provisions are left off and some adjustments are made to the renewable energy rules, the bill will probably go through. If not, there probably won't be enough votes to override a veto without the changes.
[Source: BloggingStocks]

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