On paper and in the public, most Democrats love Arkansas Senator Blanche Lincoln’s proposal to force banks to divest their derivatives operations. It’s populist and gets at the heart of the credit default mess that caused the financial meltdown. Heck, President Obama even warned he’d veto a bill that wasn’t tough on derivatives. But, behind [...]
With the help of TIME’s Katy Steinmetz: The last few weeks Senate Republicans were all sturm und drang. “The American people are getting tired of this crap,” Lindsey Graham, a South Carolina Republican told ABC’s This Week. “If [Democrats do reconciliation], it’s going to poison the well for anything else they would like to achieve [...]
If the weekend is any guide, the Senate health reform bill is not likely to undergo much tweaking. Between Friday and Sunday, despite hours of debate on the Senate floor, the only amendments that passed were those from Democrats simply reiterating things the bill already calls for. One sponsored by Sen. Sheldon Whitehouse was a [...]
