UPDATE 1-US Senate debate on asbestos begins Feb 6--Specter


(Adds quotes, background, market reaction) WASHINGTON, Jan 24 (Reuters) - U.S. Senate floor debate on a bill to create a $140 billion fund to compensate asbestos victims will begin on Feb. 6, Senate Judiciary Committee Chairman Arlen Specter said on Tuesday. "That's the day we will open the arguments on, opening statements on asbestos," Specter, a Pennsylvania Republican, said at a committee meeting. He is co-sponsor of the asbestos bill along with Vermont Democratic Sen. Patrick Leahy. ...

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