Energy Bill

By: AP
By: AP

Congress has broken through years of deadlock to send President Bush something he's been demanding: a wide-ranging energy bill.

Supporters say the $12.3 billion measure will provide jobs, new fuel options, cleaner-burning coal and the next generation of nuclear reactors. However, they admit that it won't do much about today's high oil and gasoline prices, which are a growing political concern for lawmakers and the White House.

Republican Senator Pete Domenici, who led negotiations with the House to mold the legislation, says the bill's incentives and policies will provide benefits for the next five or 10 years, though not tomorrow.

In one of the more immediate impacts, the new energy plan will expand daylight-saving time by one month, starting in 2007.

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