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... ABC News: Gloomy asbestos study criticized at Senate hearing /* */ ABC News Home November 17, 2005 | Get Your Local News and Weather Search ABC NewsSearch the Web Home U.S.

International Business Technology & Science Health Entertainment Politics ESPN Sports Travel Local News & Weather Video & Audio Good Morning America World News Tonight 20/20 Primetime Nightline World News Now This Week ABC News Home > Politics ABC News Gloomy asbestos study criticized at Senate hearing ReutersNov 17, 2005 — By Susan Cornwell WASHINGTON (Reuters) - A study that said a proposed $140 billion asbestos victims' compensation fund would quickly run out of money came in for criticism at a U.S.

Senate hearing on Thursday.

An economist and a medical director who have worked on asbestos issues questioned the analysis by Bates White, a Washington economic consulting firm.

Podcast: The AfterNote Hawkish Democrat Calls for Iraq Pullout Woodward's 'Bombshell' Testimony Several senators nonetheless said questions about the proposed fund's viability had to be resolved before the Senate takes up a bill to establish the compensation plan.

"If this isn't known before the New Year, I don't know how we can consider this bill on the floor in January," said Sen.

Dianne Feinstein, a California Democrat who supported the fund when the Judiciary Committee approved the bill in May.

The Senate bill would end hundreds of thousands of asbestos injury lawsuits and create a trust of $140 billio...

... Asbestos bill to go to floor of US Senate in January - Forbes.com '); } if (document.cookie.indexOf('partner_session=msnbc') !

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... Frist promises asbestos bill next year - Nov.

16, 2005 Web CNN/Money Home News Markets Technology Commentary Personal Finance Autos Real Estate News > Jobs & Economy .clickability{font-size : 10px;font-family : Arial, Helvetica, sans-serif;} SAVE Senate to revisit asbestos reform Majority leader Bill Frist says creating $140 billion fund for victims on top of agenda next year.

November 16, 2005: 12:10 PM EST WASHINGTON (Reuters) - Legislation to create a $140 billion fund to compensate asbestos victims will be one of the first legislative issues before the Senate next year, Senate Majority Leader Bill Frist said Wednesday.

"I am pleased to inform my colleagues that asbestos reform will be the first major piece of legislation that we consider in late January when we return," the Tennessee Republican said on the Senate floor.

"No more delay." The Senate bill would end hundreds of thousands of asbestos injury lawsuits and create a privately funded trust to compensate victims harmed by exposure to the fibrous mineral.

Senate Minority Leader Harry Reid, a Nevada Democrat, said the asbestos legislation was not acceptable in its current form.

"It's not even close," he said after Frist spoke.

Reid, already known as an opponent of the legislation, said he was concerned over the viability of the fund and whether it would place too big a burden on some businesses required to help finance it.

Stocks of companies with exposur...