Financial Times FT.com

Asbestos fund 'may run out of money before all claims are paid'

By Patti Waldmeir in Washington

Published: August 27 2005 03:00 | Last updated: August 27 2005 03:00

A proposed $140bn compen-sation fund for asbestos victims may run short of money before it can pay all claimants, according to a new report from the US Congressional Budget Office.

Legislation to set up such a fund was approved by a key US Senate committee in May, but it is not clear that the legislation has enough support to survive a full vote of the Senate.

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