Senate objections kills us terrorism insurance bill

A bill to extend an expiring federal terrorism insurance program effectively died on Tuesday when the US Senate failed to reach an agreement to hold a vote before Congress wraps up its business for the year.The program, created after the September 11, 2001, attacks that provides a federal insurance backstop for owners of skyscrapers, sports stadiums and other large projects that could face terrorism threats, is now expected to lapse at year-end. Congress will need to reintroduce the measure in January in both the Senate and House of Representatives. Senate Majority leader said the bill was “killed” because retiring Oklahoma Republican Senator Tom Coburn had wanted to make last-minute changes.