Wednesday, February 22, 2006
Bush Threatens Veto In Ports Row.
According to BBC, US, President George W Bush says he will veto any law blocking a deal giving an Arab company control of six US ports.
The threat came as Bill Frist, leader of the Republican Party in the Senate, said he would move a blocking law if the government did not delay the deal.
The issue has developed into a very serious political standoff between Bush and senior Republicans.
Administration officials will address an unusual session of the Senate Armed Services Committee on Wednesday the planned takeover, which would put six of the largest ports in the hands of Dubai Ports World of the United Arab Emirates.
The ports are New York, New Jersey, Philadelphia, Baltimore, New Orleans and Miami.
Critics say this would make the US more vulnerable to terrorism.
The ports are currently run by British ports and shipping firm P&O, which has agreed a $6.8bn takeover by DP World