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Republicans Block Wall Street Reform Debate for Second Time
By Patricia Murphy - Politics DailySenate Democrats failed again Tuesday to move to a debate on their Wall Street reform bill. The 57-to-41 vote fell short of the 60 Democrats needed to shut off a filibuster and begin debating the measure. The vote was the second time in two days that Democrats have forced Republicans to go on the record against a measure to reform Wall Street's financial markets, a system that Americans overwhelmingly believe needs to be corrected. About two-thirds of people responding to an ABC News/ Washington Post poll said they back stricter regulations for financial institutions, and a majority backed ...
Three Congressional Committees to Probe Bombing Attempt
By Lynn Sweet - Politics DailyAt least three congressional committees will hold hearings in January about security breaches that allowed a Nigerian man to board a Detroit-bound aircraft with an explosive device on Christmas Day. The inquiries will focus on how suspect Umar Farouk Abdulmutallab -- who was in a U.S. database of suspected terrorists but not on the much smaller no-fly list -- was allowed on the Northwest Airlines flight. The hearings will look into why screening machines did not detect the explosive powder sewn into his pants and why Abdulmutallab was given a visa after his father, a wealthy Nigerian banker, ...
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