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Senate Farewells Sound Familiar Warning: Partisanship Is Ruining Us
By Linda Killian - Politics DailyOver the past few weeks, many of those leaving the U.S. Senate -- either voluntarily or by defeat -- have given a farewell address, something of a Senate tradition. The speeches have been remarkable for their similarity. Not in terms of thanking staff and family members and recounting memorable moments or greatest hits of a legislative career. Most of the senators did those things. Rather, they have been remarkable for the warning most of them have sounded about the dismal state of the nation's body politic. Intense partisanship. The lost art of compromise. The vast sums of cash needed ...
A Nobel Prize That's All About Jobless Debate
By Joseph Schuman - AOL News
(Oct. 11) -- At a time when the human toll of global financial turmoil remains one of the biggest public challenges, this year's Nobel Prize in economics directly addresses the job-market disruption at the heart of national and international debates. The Royal Swedish Academy of Sciences today awarded the prize to two American economists, Peter Diamond and Dale Mortensen, and British-Cypriot economist Christopher Pissarides, "for their analysis of markets with search frictions" -- and specifically the problems that impede employers and workers from finding each other. 427 cut AP U.S. ...
Obama Picks Consumer Adviser, Dodging Senate Fight
By not in system - AOL NewsWASHINGTON (Sept. 17) -- In a poke in the eye to the financial community, President Barack Obama on Friday named Elizabeth Warren, an aggressive consumer advocate and Wall Street adversary, to oversee creation of a new agency to regulate banks, lenders and credit card companies. Sidestepping a Senate confirmation fight - for now - Obama stopped short of nominating Warren to actually head the new Bureau of Consumer Financial Protection. Instead, his action will let the Harvard Law School professor and expert on bankruptcy move quickly to shape the bureau. Senate Republicans view her as too ...
Dodd-Frank Wall Street Reform: Building a Better Trap
By Robert and Donna Trussell - Politics Daily...
Long-Fought Wall Street Reform Bill Goes to Obama
By Joseph Schuman - AOL News(July 15) -- Senate Democrats today muscled through a far-reaching overhaul of Wall Street rules and oversight that sent the government's most ambitious effort to prevent future financial crises to the White House for President Barack Obama's signature. Capping more than a year of legislative fights, fierce lobbying from the financial industries and a skein of congressional probes into the global economic crisis that steadily drummed up popular support for reform, the 60-39 vote saw three Republicans break ranks with their party to join all but one Democrat in support of a measure sure to ...
Senate Republicans Yield on Financial Reform Bill
By Joseph Schuman - AOL News(April 28) -- The Wall Street overhaul championed by President Barack Obama was headed to the floor of the Senate after Republicans gave up filibuster efforts to keep it from debate. Senate Minority Leader Mitch McConnell said late today that negotiations between party leaders on the Banking Committee had achieved as much as Republicans could hope to gain. That included assurances from Chairman Christopher Dodd, author of the financial regulation bill, that "changes will be made to end taxpayer bailouts and the dangerous notion that certain financial institutions are too big to fail." Harry ...
Deal on Financial Reform Bill Getting Closer, Senators Say
By Bruce Drake - Politics DailySenators from both parties said Sunday they were getting "close" to bipartisan agreement on a regulatory reform bill aimed at preventing a repeat of the 2008 financial meltdown but expressed uncertainty they could do so in time for a scheduled Monday vote to begin debate on the existing Democratic measure. The Senate Banking Committee had approved the measure last month along a party line vote, but Republicans have vowed to filibuster it unless changes are made. Since the election of Massachusetts Sen. Scott Brown, the Democrats no longer have the 60 votes to block a filibuster Negotiations ...
Dodd Trying Again With Wall Street Reform, Vows Passage This Year
By Tom Diemer - Politics DailySenate Democrats have not given up on pushing through a major overhaul of the way the federal government polices Wall Street and other financial institutions. Sen. Chris Dodd (D-Conn.), chairman of the Senate Banking Committee, offered a revised "Restoring American Financial Stability" bill Monday and vowed, "We will have financial reform adopted this year," The Hill newspaper reported. Dodd's legislation gives more power to the Federal Reserve to oversee bank holding companies and creates a system to avoid taxpayer-funded bailouts of the financial industry -- signaling an end to the ...
Another Poll Shows Blumenthal Way Ahead in Race for Dodd's Seat
By Bruce Drake - Politics DailyAnother poll shows that Connecticut Attorney General Richard Blumenthal, who jumped into the Senate race after Christopher Dodd announced his retirement yesterday, in a commanding position when matched against the three Republican hopefuls running for the job. A Rasmussen Reports survey, conducted Jan. 6, has Blumenthal ahead of his potential challengers by 23 points or more, bearing out a Public Policy Polling survey released yesterday. Blumenthal leads former Rep. Rob Simmons by 56 percent to 33 percent, former World Wrestling Entertainment chief Linda McMahon by 58 percent to 34 percent ...
Poll Shows Dodd's Retirement Strengthens Democrats' Hold on His Seat
By Bruce Drake - Politics DailyConnecticut's popular Attorney General Richard Blumenthal, who quickly announced his candidacy after Sen. Christopher Dodd decided not to seek another term, appears to have solidified the Democrat's hold on the seat with Blumenthal running ahead of the three Republican hopefuls for the job, according to a Public Policy Polling survey conducted Jan. 4-5. ...
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