NU Online News Service, July 29, 3:45 p.m. EDT

WASHINGTON–Leadership of the Senate Finance Committee said members are making "progress" drafting bipartisan health care reform legislation that the insurance industry can support, but it won't be anytime soon.

In a statement, committee chairman Sen. Max Baucus, D-Mont., and Sen. Charles Grassley, R-Iowa, the panel's ranking minority, said, "While progress has been made in recent days, neither an accord nor an announcement is imminent."

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