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National Budget contains spur to new clean energy economy
President Obama on passage of national budget by the Senate: "This budget resolution embraces our most fundamental priorities: an energy plan that will end our dependence on foreign oil and spur a new clean energy economy; an education system that will ensure our children will be able to compete in the economy of the 21st century; and health care reform that finally confronts the back-breaking costs plaguing families, businesses and government alike."
A Republican-sponsored amendment was passed to the effect that Congress should not try to set up a cap-and-trade system to regulate greenhouse gas emissions as part of the budget reconciliation process. While not binding, the amendment, which drew support from more than 20 Democratic senators, showed that the administration will probably not be able to introduce a cap-and-trade system through the budget process.