Dubai Firm to Transfer Ports' Control
By DAVID ESPO and ANDREW TAYLOR, Associated Press Writers
3 minutes ago
WASHINGTON - As congressional leaders warned President Bush that both the House and Senate appeared ready to block a Dubai-owned company from taking over operations at some U.S. ports, the company said Thursday that it was prepared to give up its management stake.
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The move came as the White House, facing a Republican rebellion in Congress, played down President Bush's veto threat and said he was trying to find a compromise to resolve the uproar over the Dubai-owned company's plan to take over significant operations at several U.S. sea ports.
Republican congressional leaders had told Bush at a White House meeting earlier Thursday that both the House and Senate appear ready to block the takeover, GOP officials said.
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Senate Democrats also demanded a vote on the issue, and while Republicans struggled to prevent one, they conceded they were on the political defensive."I admire what the House did," said Senate Democratic Leader Harry Reid, D-Nev. "They said we know the president feels strongly about this. We know he said he's going to veto this. But we're going to do it because we think we have an obligation to our constituents."
http://news.yahoo.com/s/ap/20060309/ap_on_go_co/ports_security_46