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CHICAGO, Jan 6 (Reuters) - U.S.
President George Bush called on Friday for Congress to curb asbestos lawsuits this year, saying the United States needed to reform its legal system to better compete in the global economy.
"Hopefully this year, we can get a good asbestos reform out of the United States Congress," Bush said in a speech on the economy in Chicago.
U.S.
Senate Majority Leader Bill Frist, a Tennessee Republican, has pledged to bring up legislation early this year that would create a $140 billion fund to compensate victims harmed by exposure to asbestos, while ending hundreds of thousands of asbestos injury lawsuits.
Asbestos was widely used for insulation and fireproofing until the 1970s.
Scientists say inhaled fibers are linked to cancer and ot...
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