AOL News has a new home! The Huffington Post.
Click here to visit the new home of Politics Daily!Hot on HuffPost:
Walker Recall Effort Struggles To Gain Momentum
Controversial Book On Obama Appears To Have Lifted Key Quote
FinancialReform
Geithner: Elizabeth Warren Would Be Strong Consumer Chief -- as Would Others
By Jill Lawrence - Politics DailyTreasury Secretary Tim Geithner has nothing but good things to say these days about Elizabeth Warren, the consumer heroine liberals want to head the Consumer Financial Protection Bureau created under the new financial reform law. Geithner has been widely reported to have reservations about Warren, a Harvard law professor and financial watchdog who proposed the consumer agency in 2007. He said Thursday that "she would be a very strong leader" of the new bureau, but made clear there are other good candidates and said twice that the decision lies with President Obama. Warren has "enormous ...
Opinion: Will Financial Reform Work? It Depends
By not in system - AOL News(July 16) -- In speaking about the financial regulation bill he will soon sign, President Barack Obama said that the bill "will prevent a financial crisis like this from happening again." This is oversimplified -- there is no way to prevent every crisis and this bill doesn't come close. In leaving Fannie Mae and Freddie Mac untouched, for example, the legislation fails to address a key factor behind the recent crisis. Still, there are elements of the bill that will help prevent future crises even as other parts are likely to have unintended negative consequences. An important innovation is ...
What's in the Financial Reform Bill? The 5 Key Changes
By Dana Chivvis - AOL News(July 15) -- The financial reform bill (what's the financial reform bill, you ask?) was passed in the Senate today and will head to President Barack Obama's desk next. The bill has split the country -- or that part of the country paying attention -- along party lines: Democrats say Wall Street needs to be reined in to protect the economy; Republicans say the government is overstepping its authority by inserting itself too far into the market. The bill drew three Republican votes, from Sen. Scott Brown of Massachusetts and Sens. Olympia Snowe and Susan Collins of Maine. Sen. Russ Feingold of ...
Wall Street Reform Clears Congress, Will Become Law
By Patricia Murphy - Politics DailyA sweeping overhaul of Wall Street firms and American financial institutions won final congressional approval Thursday afternoon when the Senate voted 60-39 to pass the reform bill. Three Republicans voted with the Democrats to approve it and one Democrat, Sen. Russ Feingold of Wisconsin, voted against the bill. Because the House approved the same measure in June, the legislation will now go to President Barack Obama. On Tuesday, Obama praised the legislation and promised to sign it next week. "What members of both parties realize is that we can't allow a financial crisis like this one that ...
Opinion: What's Really 'Too Big to Fail'?
By not in system - AOL News(July 1) -- The financial reform bill passed by the House on Wednesday is, among other things, supposed to deal with the "too big to fail" problem among financial institutions. That issue -- too big to fail, or TBTF -- is everywhere these days. The concern is about institutions that grow so large that the government has no choice but to bail them out when things go wrong. It's certainly a concern, but in all the debate over TBTF, the one institution that deserves attention always gets overlooked: government. To get a sense of its size, think of the federal government as a corporation; ...
Obama: Sweeping Financial Reforms Will 'Hold Wall Street Accountable'
By Patricia Murphy - Politics DailyIt took 20 hours and some frantic, last-minute dealmaking, but House and Senate negotiators wrapped up a marathon session Friday morning with a final deal to overhaul the American financial system nearly two years after the 2008 crisis that brought the American economy to the brink of collapse. Just before 6 a.m. Friday, bleary-eyed lawmakers approved the House-Senate conference committee report on a party-line vote of 27-16 after a grueling two-week session that Sen. Chris Dodd (D-Conn.) compared to living in purgatory. But as President Obama departed for the G-8 Summit hours after the ...
Wall Street Reform Passes Senate With Scott Brown's Backing
By Patricia Murphy - Politics DailyEighteen months after the 2008 financial crisis brought the American economy to the brink of collapse, the Senate passed a bill to add significant regulations to Wall Street firms and banks in an effort to prevent a similar crisis in the future. The bill passed by 59 to 39. Four Republicans -- Sen. Scott Brown, Sen. Charles Grassley, and Maine's senators, Susan Collins and Olympia Snowe -- supported the bill, while two Democrats, Sen. Russ Feingold of Wisconsin and Sen. Maria Cantwell of Washington, joined Republicans in opposing it. Senate Majority Leader Harry Reid said Thursday that the ...
Obama Makes Wall Street Reform Pitch in Illinois, Embraces Giannoulias
By Lynn Sweet - Politics Daily"It's good to be home," President Obama said Wednesday in Quincy, Ill. A town on the western edge of the state, Quincy sits across from Missouri on the Mississippi River. Obama's been here before, when he was the junior senator from Illinois. He told the crowd at the Oakley Lindsay Center -- no strangers to flooding -- what he did on that visit. "We were filling up sandbags, weren't we?" Obama returned to Quincy to deliver a populist speech highlighting the need for Congress to pass his Wall Street reform package. The president, who had been bashing Senate Republicans for blocking the ...
GOP Ends Filibuster of Wall Street Reform Measure
By Patricia Murphy - Politics DailyThe Senate agreed by voice vote Wednesday evening to end the filibuster of a major Wall Street reform measure, after Republicans earlier in the day had blocked debate on it for the third time in three days. "Now, let's get to work," said Senate Majority Leader Harry Reid after the vote. Democrats, who earlier Wednesday failed to muster the 60 votes needed to break the filibuster, had threatened to keep the Senate in session all night until Republicans relented. Frustrations ran high before the final voice vote to end the filibuster. "I understand having objections to parts of the bill, and ...
Financial Reform Puts Republicans on the Spot
By Joseph Schuman - AOL News(April 26) -- Even as they lost today's Senate vote on overhauling financial regulation, the Democrats expected to get a win. They probably did. The chamber's Republicans held together in opposing a vote to let debate on the measure proceed toward a final roll call, depriving Democrats of the needed 60 votes to override such a filibuster, and that was just fine for the Democrats. "It will reveal who believes we need to strengthen oversight of Wall Street, and who does not," Senate Majority Leader Harry Reid said shortly before the vote. "It will demonstrate who believes we need to ...
Follow Politics Daily
POPULAR
- Nancy Pelosi Confirms House May Skip Up or Down Vote on Senate Health Bill
- Debrahlee Lorenzana: A Double Take on Those Double D's
- Campbell Brown Quits CNN With Shockingly Frank Farewell
- Palin Earnings Estimated at $12 Million
- The Five Most Racist Obama Cartoons?
- Jimmy Carter Leaves Church Over Treatment of Women
- Soraya M., Stoned to Death for Being an "Inconvenient Wife''
- No posts are available.
News From Our Partners
- Dragon arrives at space station in historic 1st
- Picking new leader, Egyptians search for superman
- Egyptians vote in first free presidential vote
- Moon chips from Vegas casino mogul sent to NASA
- Egyptians vote to rid nation of autocratic rule
- More Stories »
- 'Masters of the Universe' Sure Have Fragile Egos
- Romney: My Mistakes 'Haunt Me'
- Newt Lauds Romney: He's Like Eisenhower
- Irked Senate Panel Votes 30-0 to Cut Pakistan Aid
- GSA Bash Organizer Steps Down
- More Stories »
- Know Your Enemy
- Obama’s Challenge in Egypt
- The Edwards Waiting Game
- Are Doctors Doing Too Much?
- The Pagan Cult of Reagan
- More Stories »
- Ambition Counteracting Ambition
- Robert Blagojevich Speaks Out
- In Iowa, Obama Calls Romney's Words 'A Cow Pie of Distortion'
- In Iowa, Obama Calls On Congress to Act on Clean Energy Tax Credits
- Romney Has Interesting Morning in Inner-City Philly
- More Stories »
Top News
More News
More on Aol
Local News
More Blog/Sites
Sites and Services
HuffPost Politics