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Sponsors of Senate emissions bill seek compromise on cost provisions

Senate sponsors of a major global warming bill are trying to find compromise on the vexing question of how to cap U.S. emissions of heat-trapping greenhouse gases without damaging the economy. Legislation expected on the Senate floor this spring already includes a provision establishing a Federal Reserve-like board designed to monitor a new U.S. carbon market and make changes if the system gets too rocky. While that idea satisfies some key constituents, it is not enough for other players on and off Capitol Hill.

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