President Barack Obama could veto a key House highway-funding bill because it includes a provision to streamline the approval of TransCanada's Keystone XL pipeline. "Because this bill circumvents a longstanding and proven process for determining whether cross-border pipelines are in the national interest by mandating the permitting of the Keystone XL pipeline before a new route has been submitted and assessed, the president's senior advisers would recommend that he veto this legislation," the White House said in a formal statement of policy.

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