Both Bloomberg News and the Wall Street Journal are reporting that the White House is considering making Elizabeth Warren the interim head of the newly formed Bureau of Consumer Financial Protection at the Federal Reserve as early as this week. Though details were scarce — would this be a recess appointment (though the Senate just came [...]
Senate Banking Committee Chairman Chris Dodd stood an hour ago in the Senator’s Retiring Room off of the Senate floor in an intense conversation with Massachusetts Senator Scott Brown – one of surely many they will have today. Dodd is trying to get Brown, one of four Republicans who voted for the Senate version of [...]
Updated So reports the Wall Street Journal. The Chris Dodd compromise I mentioned this morning is being dropped from financial reform as Democratic leadership in the Senate scrambles to line up final votes on amendments and a cloture motion this afternoon. As Jay suggested the other day, there’s a political angle. Senator Blanche Lincoln, facing [...]
Here’s a story from me today about Senate Banking Committee Chairman Chris Dodd and his push to get financial regulatory reform done. Dodd’s taken a pretty unique approach to this bill from the get-go, assigning bipartisan teams to hammer out deals on the most senstivie topics; working with Banking Committee ranking Republican and then Tennessee’s [...]
Senate Majority Leader Harry Reid this afternoon made a second pass at starting debate on financial reregulation but to no avail: the vote ended exactly as it did yesterday 57-41, mostly along party lines. The scene is starting to feel a bit like Groundhog Day: isn’t doing the same thing repeatedly expecting different results the [...]
I mentioned earlier that the Goldman fraud allegations would likely be wielded by Democrats as an exemplar in the financial reform fight. Yup. (Emphasis mine): Washington, DC—Nevada Senator Harry Reid released the following statement today in response to SEC charges against Goldman Sachs regarding mortgage investments: “Millions of Nevadans and Americans are struggling every day [...]
Tonight the Senate began voting on amendments to the health care bill for the first time in days. Near the top of the agenda: an amendment from Democratic Sen. Byron Dorgan that would have allowed U.S. pharmacies and drug wholesalers to “reimport” drugs from foreign countries. It was was voted down 51-48. (Amendments need 60 [...]
