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WASHINGTON (Reuters) - The House of Representatives failed to approve legislation on Thursday that would have pushed oil companies to drill on federal leases they already hold while requiring the government to more often lease tracts in an Alaskan oil reserve.
House Democrats, trying to show they favor more U.S. oil production in light of record gasoline prices, came up with the bill to counter White House and Republican lawmakers' calls to lift a congressional offshore drilling ban. The White House had threatened to veto the measure.