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Sen. Charles Grassley
Senate Panel Cracks Down on Risky Wall Street Credit Swaps
By Tom Diemer - Politics DailyA Senate committee on Wednesday added a critical piece to the sweeping Wall Street reform bill -- approving a plan to crack down on risky credit swaps known as derivatives. The Senate bill would stop Wall Street investment banks from acting as brokers for the commercial firms and speculators who trade in derivatives -- in effect, bets on the value of future transactions, The Washington Post reported. It would also require most contracts for derivatives to be traded publicly and would force derivatives dealers to have money on hand to cover unexpected losses. Since agriculture futures are ...
Illegal Immigrants Still an Issue in Senate Health Care Negotiations
By Patricia Murphy - Politics DailyDespite the Obama administration's assurances that illegal immigrants will not receive health insurance benefits under health care reform, six key senators dealt with the increasingly contentious issue as they worked behind closed doors Monday. The 'gang of six' senators-- three Democrats and three Republicans-- are in the final stages of fashioning a compromise on health care that could get the 60 votes necessary to pass out of the chamber. Sen. Max Baucus (D-Mont.), the chairman of the Senate Finance Committee, said Monday that the group had discussed several specific items in negotiations, ...
Arlen Specter's New Tune On Card Check and Republicans
By Patricia Murphy - Politics DailyA perk that Sen. Arlen Specter (D-Pa.) may not have expected when he switched to the Democratic Party was the chance to speak to hundreds of left-wing bloggers at the annual Netroots Nation conference in Pittsburgh. But Specter used the opportunity to call out his former Republican colleagues, both literally and figuratively, in front the liberal confab Friday morning.After a series of questions that ranged from the rights of detainees to the raucous nature of the August town hall meetings, the discussion turned to Sen. Charles Grassley (R-Iowa), who told an Iowa town hall meeting Wednesday, ...
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