A failed vote yesterday in the Senate sets the stage for further behind-the-scenes work on what bond-related provisions should eventually be included in the final tax-extenders bill that will be presented to President Bush.

Senate Democrats failed to garner the necessary 60 votes yesterday to consider the current extenders package, HR 6049, which contains $5.4 billion of tax-credit bonds and several other bond-related measures. It is not known at this time when the bill will be taken up again and presented for amendments.

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