President Bush threatens to veto Energy Bill and impose biofuel mandate by executive order

In Washington, President Bush threatened to veto the Energy Bill and impose a biofuel mandate by executive order if the final bill requires utilities to get 15 percent of their power from renewable sources or contains other language the White House doesn’t like. Final negotiations of the House Bill are continuing with a goal of completing the bill this week. The White House’s chief economic adviser, Allan Hubbard, met with House Speaker Nancy Pelosi for an hour on Monday to discuss the Bill.

Former congressman Charles Stenholm, now a livestock and oil lobbyist, told the Des Moines Register that he does not expect the bill to clear the Senate before the end of the year.

The President has also threatened a veto of the Farm Bill.

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