Mike Pence | My Amplog

Obama Retreats From Goal of Cap-Trade Bill

President Barack Obama said for the first time Tuesday that legislation that would require industries to pay for emissions of greenhouse gases might need to be separated from a more popular “green jobs” bill in the Senate, a maneuver that could kill what once had been one of the administration’s top policy priorities.

Until now, the Obama administration has refused to entertain in public the idea that lawmakers might have to split up the climate bill. The shift by the president is another sign that the White House is rethinking strategy on big first-year agenda items such as health care and climate legislation, after public dissatisfaction with its focus on those issues helped cost Democrats their filibuster-proof hold on the Senate last month.Read more at online.wsj.com