The Call: Financial Reform Endgame, A Naysayer Eats Crow
Michael Grunwald joins me for this week’s podcast:
Michael Grunwald joins me for this week’s podcast:
Reuters/Kevin Lamarque
–BP’s cap appears to be working. But no one is high-fiving just yet.
–Ben Nelson comes out in opposition to a utilities-only carbon cap. That’s one less vote for the Dems’ scaled back energy bill.
–Alan Greenspan says Congress should let the Bush tax cuts expire in January. Pete Davis is floored, …
By a 60-39 vote Thursday, the Senate passed legislation that re-calibrates the flow of capital through the American financial sector and provides new powers to the regulatory regime that oversees it. The final bill is the culmination of a near two-year effort launched after 2008’s Wall Street crisis thrust the nation into recession and …
–It’s the question of the moment and Crowley captures the White House’s delicate balancing act well in this week’s cover story for dead tree TIME:
Is the U.S. on a firm path to recovery — one that just needs more time to play out? Or are we trapped in the doldrums, perhaps en route to a lost decade like the one Japan had in the
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Official White House Photo by Pete Souza
–John Dickerson reads the polls, sees a failure in salesmanship.
–The White House will get another chance today with the release of the Council of Economic Advisers’ latest stimulus report. Chairwoman Christina Romer will present her findings — that the Recovery Act “saved or created” …
Official White House Photo by Pete Souza
–BP has placed a new cap on the Deepwater Horizon leak and it appears as if oil has stopped gushing into the Gulf. They’re doing tests now to determine if the worst spill in American history is finally over.
–Financial reform has reached 60 and Harry Reid says he’ll call a vote this …
For all the talk of being the “41st Senator” (thus denying the Democrats their supermajority), Scott Brown sure has a knack for delivering numero 60 for Harry Reid and Co. in a pinch. You may remember the time he saved the Democrats’ jobs bill. Today the Massachusetts Senator, who won late-in-the-game concessions in conference committee, …
I was definitely among the skeptics Jay mentions when it came to the prospects of a Palin presidential run in 2012. Since she stepped down from the governorship last year, she had taken few concrete steps in that direction. Showing interest in a TV career is a pretty strong indication that a politician has ambitions that don’t include …
Official White House Photo by Pete Souza
–Congress returns to work this week with plenty of business still on the table before August break. Unemployment benefits have run out for 2 million Americans, a Supreme Court nominee awaits confirmation, and the timing of the Senate’s vote on financial reform remains unclear.
—Hale …
Jay and Alex join me for this week’s podcast. Listen in:
Official White House Photo by Pete Souza
–The National Governors Association’s annual meeting kicks off today in Boston.
–Tim Pawlenty will attend before heading to New Hampshire. MPR examines at his Granite State game.
–Nate Silver looks at West Virginia’s special election and how Gov. Manchin might tip the …