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Find out about Planet Ark's campaigns Find out about the local recycling services available in your area Democrats Warn of US Asbestos Fund Shortfall Mail this story to a friend | Printer friendly version USA: February 9, 2006 WASHINGTON - A US Senate bill to create an industry-financed $140 billion asbestos compensation fund faced new obstacles Wednesday after some Democrats said the fund would run out of money and need a federal bailout to pay injury claims.

The fund is intended to end years of litigation over asbestos injuries that has pushed into bankruptcy some 70 US companies, including WR Grace and Co and USG Corp Companies and their insurers would pay for the fund in exchange for an end to asbestos lawsuits.

Asbestos fibers were widely used for their insulating and fire-retardant capabilities until scientists found they were linked to lung-scarring diseases and cancer.

The contentious bill sponsored by Pennsylvania Republican Sen.

Arlen Specter and Vermont...

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... AP Wire White House has serious concerns about asbestos bill Subscriber Services Complete Forecast Search Recent News Archives Web for Jobs Cars Real Estate Apartments Local Shopping Sports Back to Home Wednesday, Feb 08, 2006 Nation email this print this reprint or license this Posted on Wed, Feb.

08, 2006 White House has serious concerns about asbestos bill LAURIE KELLMAN Associated Press WASHINGTON - The White House gave a lukewarm endorsement Wednesday to an asbestos bill in the Senate, saying it has serious concerns about some parts of the legislation to establish a $140 billion fund for paying victims and ending their lawsuits.

The bill's sponsor, Judiciary Committee Arlen Specter, R-Pa., acknowledged there are unresolved problems.

The White ...