The Bush administration may have misread how badly the Dubai Ports World deal was playing with the American people, but the company itself didn’t, announcing today that it’s giving up its management stake in some U.S. ports to a U.S. entity (though it isn’t clear yet how DP World would manage the divestiture). The decision comes after the House Appropriations Committee’s stunning rebuke of the White House on Wednesday, in the form of a 62-2 vote to block the ports transfer. Senate GOP leaders also were unable to block a push by Senate Democrats and some Republicans to vote on stopping the port deal.
Posted by Rhonda Holman
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