The Center for American Progress has released a detailed road map of just how Senate Majority Harry Reid (D-Nev.) should combine various climate and energy proposals to form a comprehensive bill that will make progressives happy.
The report — which is authored by CAP senior fellow Dan Weiss and special More…
Not every environmental group is encouraged by the efforts to come to a consensus with the electric industry on a utility-only cap on emissions. One environmentalist source told TWI that negotiations with electric utilities will inevitably result in a “flawed product” based on too many compromises. “I’m just not confident More…
I’ve been focusing intently on the jobs situation and unemployment extension bill this week, but here’s a roundup of the need-to-know news on the Wall Street or financial regulatory reform bill. The House passed the conference committee version with bipartisan support, and now it only needs Senate approval to More…
As of now, Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill has 93 confirmed votes on party lines. Just a few decisive senators remain. Yesterday, Russ Feingold (D-Wis.), a former no — meaning he voted against the Senate bill, before it was reconciled with the House version — said he More…
Sen. Russ Feingold (D-Wis.), who did not vote for the Senate version of financial regulatory reform, not believing the bill strong enough, has indicated that he will not vote for this version either. Here is the full text of his press release:
“As I have indicated for some time
Sen. Robert Byrd (D-W.Va.) passed away earlier this morning. As Washington mourns his death, Democrats will also have some tough political calculations to make. Despite his complicated legacy, Byrd became a relatively solid Democratic vote in the past decade, and his absence steepens the climb for some key pieces More…
The Senate just agreed to end debate on the financial regulatory reform bill, 60 to 40. Sens. Olympia Snowe (R-Maine), Scott Brown (R-Mass.) and Susan Collins (R-Maine) joined the Democrats in voting for the measure; Sens. Maria Cantwell (D-Wash.) and Russ Feingold (D-Wis.) chose to vote against the measure. (Sen. More…
During health care reform, senators strengthened and hammered out the bill in committee before it hit the floor. This go-around, Sen. Chris Dodd (D-Conn.) decided to pass the bill through the Banking Committee on a party-line vote (the vote took all of 20 minutes) and to allow a substantive amendment More…
Damian Paletta at The Wall Street Journal reports that Senate Majority Leader Harry Reid (D-Nev.) is “likely” to file cloture on Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill today. That means the Senate could vote on the bill as soon as Wednesday.
I think this assessment is slightly More…
This afternoon, the Senate passed two amendments enhancing the regulation of credit rating agencies, which assess financial products and assign them ratings based on their likelihood of default.
The credit rating business has a conflict of interest at its heart, in that the companies hire the ratings agencies — the More…
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