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Article: U.S. Senate Blocks Asbestos Fund Proposal.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- April 23, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Kristina Herrndobler, Chicago Tribune Knight Ridder/Tribune Business News
Apr. 23--WASHINGTON -- The Senate on Thursday blocked a proposal to create a multibillion-dollar fund that would have made payments to thousands of people suffering from asbestos-related ailments.
The vote reflected the difficulty of determining how to pay long-suffering victims without racking up huge liability costs that could cripple many companies. Both sides say some action is necessary, but they disagree sharply on what should be done, and Congress has struggled for years to find a solution.
Patricia Corona, of west suburban Glen Ellyn, who suffers from ...