Sunday, March 22, 2009

US senator blocks first try to pass AIG bonus bill

US senator blocks first try to pass AIG bonus bill; Reuters
Republican Senator Jon Kyl on Thursday blocked to an initial attempt by Senate Democrats to pass a bill aimed at recouping some $165 million in bonuses paid to American International Group Inc (AIG.N) executives. Senate Majority Leader Harry Reid asked senators to agree by unanimous consent to approve a Senate version to recoup the bonuses, but Kyl objected saying more time was needed to review the legislation which was introduced earlier on Thursday.

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