Capitol Hill Lawmakers To Question Oil Executives

Originally published on May 12, 2011 6:50 am
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RENEE MONTAGNE, Host:

NPR's business news starts with oil executives visiting Capitol Hill.

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MONTAGNE: The heads of ExxonMobil, Chevron and other top oil companies are facing off with lawmakers at a Senate finance committee hearing this morning. Democrats have introduced bills to repeal oil industry tax breaks, worth billions of dollars, and put the savings toward the deficit. Exxon CEO Rex Tillerson called the proposal, quote, "misinformed and discriminatory." Transcript provided by NPR, Copyright NPR.