"Congress' inaction on terrorism is threatening our jobs," Bush remarked at a White House event yesterday that included union workers and business leaders. "They can move and need to help the economy. Because, you see, one recent survey shows that more than $15 billion in real estate transactions have been terminated or put on hold because the lack of terrorism insurance."
As Bush noted in his speech, the administration wants the final bill to ban punitive damage awards in any possible terrorism insurance lawsuits, but Democrats say property owners should be held accountable to some degree.
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