US Senate readies bill to use Gaddafi assets for aid

WASHINGTON - President Barack Obama could use frozen Libyan government assets to pay for humanitarian aid to Libyan people caught in the North African country's civil war under a bill sponsored by a group of leading Senate Democrats and Republicans.
"The ongoing violence in Libya has disrupted the economy and left far too many innocent Libyan citizens struggling to simply put food on the table and to manage the daily necessities of life," Banking Committee Chairman Tim Johnson said on Wednesday in a joint statement with the committee's senior Republican, Richard Shelby.