For anyone interested, tune in C-SPAN3 right now to watch the conference on the financial regulatory reform bill live. The House and Senate versions are already very similar but the largest sticking point remains language authored by Senate Agriculture Committee Chairman Blanche Lincoln requiring banks to spin off their in-house derivatives trading desks. The provision [...]
There’s more and more talk that the House and Senate will bypass a formal conference committee entirely, and instead, work out the differences between their two versions of the health bill in the leaders’ offices, a process that would involve only a handful of key committee chairmen. That closed-door shortcut of the normal process has [...]
