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  • Frist Proposes Face-saving Dubai Deal

    02/26/2006 8:25:29 AM PST · by jraven · 206 replies · 2,291+ views
    Time Magazine online ^ | Feb. 25, 2006 | Timothy Burger, Mike Allen & Matthew Cooper
    Moving toward a deal that could allow President Bush and congressional GOP leaders to save face and avert a prolonged confrontation, GOP officials said today that they were discussing the idea of having Dubai Ports World seek a new review of its acquisition of a British company's operation that runs several key U.S. ports. House Homeland Security Committee Chairman Peter King, confirmed in a phone interview early Saturday afternoon to TIME that officials were close to a deal involving the Congressional leadership, the White House and the Dubai company. The agreement would call for a 45-day “CFIUS-plus investigation,” King said,...