AOL News has a new home! The Huffington Post.
Click here to visit the new home of Politics Daily!Hot on HuffPost:
Controversial Book On Obama Appears To Have Lifted Key Quote
Walker Recall Effort Struggles To Gain Momentum
WallStreetReform
Barney Frank Foe is Onetime Town Hall Tormenter
By Tom Diemer - Politics DailyRep. Barney Frank, the brainy but abrasive chairman of the House banking committee, is facing a Democratic primary challenge from a woman who decided to take him on after they had a nasty exchange at a town hall meeting last year. When Rachel Brown asked the Massachusetts congressman in 2009 about the "Nazi policy" of health care reform, an annoyed Frank shot back that talking with her was "like arguing with a dining room table." The 29-year-old Brown said the clash inspired her to run in the Sept. 14 Massachusetts primary, although she told the Associated Press, "I didn't realize at the time ...
Eight Lawmakers Face Ethics Probe Over Timing of Fundraisers, Reform Vote
By Tom Diemer - Politics DailySeven congressmen are facing ethics questions because they held campaign fundraising events within a day or two of the Dec. 11 House vote on overhauling government regulation of investment banks and money managers on Wall Street. An eighth House member, Rep. Jeb Hensarling (R-Texas), did not host a money event but raised at least $30,000 from financial firms and their advocates during a 10-day period before the vote, the Washington Post reported Wednesday. Hensarling, a member of the Financial Services Committee, categorically denied "any implication of influence," a spokesman told the Post. ...
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 ...
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 ...
Obama to Wall Street: 'Join Us' on Financial Reform
By Patricia Murphy and Walter Shapiro - Politics DailyNEW YORK -- In the latest skirmish over financial reform, a stern President Obama came to a familiar place Thursday (historic Cooper Union in lower Manhattan) to declare war on a familiar foe -- Washington lobbyists. With dozens of well-compensated, dark-suited pillars of Wall Street among the 700 people in the audience, Obama pointedly spoke about "the furious efforts of industry lobbyists" to weaken and defeat the legislation, pending in the Senate, to regulate the financial sector. As Obama said in a made-for-TV sound bite (the line was highlighted in speech excerpts released in time for ...
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 ...
Wall Street Reform: If Obama Can't Win This Message War . . .
By David Corn - Politics DailyLet's review. For years, Wall Street masters of the universe, exploiting the deregulation swing of the 1990s, cooked up various financial instruments that virtually no one could understand -- not even the chief executives of the big firms -- and then when the credit default swaps hit the fan, the collapse of their trillion-dollar casino created a black hole that sucked up much of the economy, destroying more than 8 million jobs. But now that the Obama administration and Democrats in Congress, after bailing out the billionaire bozos, are finally moving to create new rules for the Gang That ...
The Democratic Agenda: Reid and Pelosi's Bucket List For the Last Days of Dominance
By Patricia Murphy - Politics DailyWhat would you do if your pollster told you that you have only six months left with huge congressional majorities? How would you spend your time? Would you try to improve your chances of recovery or take out your bucket list -- the dream items you've always wanted to pass but never had the time to try -- knowing this could be your last chance to make them a reality? Those are the questions facing Senate Majority Leader Harry Reid, Speaker Nancy Pelosi and the White House as they map out the rest of the 2010 legislative calendar and see foreboding midterm elections waiting for them in ...
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
- Palin Earnings Estimated at $12 Million
- Campbell Brown Quits CNN With Shockingly Frank Farewell
- The Five Most Racist Obama Cartoons?
- Soraya M., Stoned to Death for Being an "Inconvenient Wife''
- Jimmy Carter Leaves Church Over Treatment of Women
- 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 »
- Rudy Giuliani: Mitt's Great. I'm Just Better
- '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
- 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