Issue alert

4 of 5

Energy

Obama's carbon cap-and-trade plan was pulled from the budget and now will be considered separately. Industry figures like Exxon Mobil's CEO support a carbon tax instead as more direct.

Where the action is: Henry Waxman plans to have a House bill by Memorial Day. Debbie Stabenow is organizing worried Rustbelters in the Senate, which could mean subsidies to factories and consumers.

NEXT: Card check

Last updated April 28 2009: 8:52 AM ET

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