Speaking today at a news conference on derivatives, Sen. Maria Cantwell (D-Wash.) raised the possibility of proposing an amendment to Sen. Blanche Lincoln’s (D-Ark.) derivatives reform proposal that might force banks to separate their commercial and investment banking functions.
“I’m a purist,” Cantwell said, in response to a question regarding More…
A group of powerful Senate Democrats is urging leadership today to repeal the federal anti-trust exemption that insurance companies have enjoyed for more than six decades. In a letter to President Obama, Senate Majority Leader Harry Reid (D-Nev.) and House Speaker Nancy Pelosi (D-Calif.), the Democrats More…
It’s no mystery that Treasury Secretary Tim Geithner is the ultimate Wall Street insider. But it seems that more and more Democrats are losing their patience with what they perceive as his protectionism of the finance industry at the expense of consumers and taxpayers. The latest More…
The Senate Finance Committee on Thursday approved legislation empowering states to create public insurance plans that would negotiate rates on behalf of some of their poorest residents.
The proposal, sponsored by Sen. Maria Cantwell (D-Wash.), would allow states to create “basic health plans” catering to those earning between 133 percent More…
Among the most contentious questions facing Senate Finance Committee members this week revolves around how much flexibility the states should have to set their own Medicaid eligibility under the Democrats’ sweeping health reform proposal. While it’s often discussed that the bill, written by Finance Chairman Max Baucus (D-Mont.), would open More…
The Senate Finance Committee this morning shot down an amendment, offered by Sen. Orrin Hatch (R-Utah), that would have explicitly prohibited federal funds from subsidizing abortion coverage under plans purchased on a new insurance marketplace, dubbed the exchange, which would be created under the committee’s health reform bill.
The Hatch More…
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