The Washington Independent
The Washington Independent

McCaskill: Climate Bill Hinges on Financial Regulatory Reform

The Hill reports on the battle brewing between liberal and conservative Democrats over whether to move forward with a clean energy bill that does not address

Jaya Mckeown
News
Last updated: Jul 31, 2020 | Apr 20, 2010

The Hill reports on the battle brewing between liberal and conservative Democrats over whether to move forward with a clean energy bill that does not address carbon emissions or to roll some of that bill’s provisions into a larger energy and climate bill. Ultimately, that question could be answered by a very different debate: the one over financial regulatory reform.

Sen. Claire McCaskill (D-Mo.) said that if Republicans take a unified partisan stance against Wall Street reform, which Democrats had thought would be a slam dunk, it may not make sense to spend weeks trying to muster 60 votes for a controversial climate change proposal.

“If Republicans continue to play pure politics with financial reform, they would probably come close to shutting it down,” McCaskill said of the impact of Republican opposition on bipartisan talks on climate change.

“That’s a bad sign of how productive we’ll be,” she said.

Regardless of the outcome of financial reform, a climate bill could be a tough political proposition in advance of November’s midterm elections. If financial reform succeeds and wins popular support, Democrats would likely prefer to ride that wave into the midterms than to tackle divisive climate legislation. And if a Wall Street bill falls prey to nasty partisan bickering, then as McCaskill says, it’ll be tougher to get the necessary Republican support to beat back a climate bill filibuster.

But if all that’s the climate bill’s Scylla, its Charybdis is the inevitability that the Democratic majorities in Congress will be much smaller come January than they are currently, so for comprehensive climate legislation, it’s likely now or never.

Jaya Mckeown | Jaya moved to Boston from New York to pursue a master's degree in corporate communications at Emerson College. This experience, combined with her undergraduate degree in psychology and teaching, has equipped her with valuable skills that she employs on a daily basis in real estate negotiations, homebuyer and seller education, and successful promotion of the team's listings. Jaya's clients often characterize her as meticulous, proactive, and enjoyable to be around.

Related

Pentagon Shooter Exploited Gun-Show Loophole

John Patrick Bedell, who shot and wounded two police officers near the Pentagon earlier this month, bought at least one of his 9 mm guns at a Nevada gun show,

MA-Sen: 150 Conservative Bloggers Fan Out, Looking for Scandals

BOSTON -- The mysterious Election Journal blog, which first released the infamous 2008 video of two bumbling New Black Panther Party members waving nightsticks

MA-Sen: Brown Wins

BOSTON -- At 9:20, the first rumors of Scott Brown’s victory in the Massachusetts Senate race started to work around the room. A moment later, Doug Flutie

MA-Sen: 66 to 19

BOSTON -- That, via Alex Isenstadt and Josh Kraushaar, is the number that defined the Massachusetts Senate race more than anything else. From the primary

MA-Sen: A Text Message From Scott Brown

BOSTON -- Having signed up for Scott Brown’s text message service for election day, I just got this text: Are you about to have lunch? It’s a great time to

MA-Sen: Out-of-Staters for Brown

BOSTON -- A surprising discovery at yesterday’s People’s Rally in Worcester was just how many people had traveled into the state to assist, in whatever way,

MA-Sen Photos: ‘Paint the Town Red! Croakley’s Dead!’

Below are some photos of yesterday’s People’s Rally in Worcester, the rally that Brown held to counter-program the Obama rally in Boston. The crush of

Menendez, Lautenberg to Continue BP-Lockerbie Investigation

Sens. Robert Menendez and Frank Lautenberg, both New Jersey Democrats, will continue to seek details about BP’s alleged involvement in the release last year of

Net Investors Bullish on Palin’s Prospects for Staying on Ticket

Just for fun, the Internet prediction Website Intrade has opened a contract on whether Alaska Gov. Sarah Palin will be withdrawn as McCain’s running mate.

No Experience Necessary

Gov. Sarah Palin’s a middle-class hockey mom, but does that really qualify her to be vice president?

© Copyright 2021 The Washington Independent All Rights Reserved

Terms & Privacy | twi.news@washingtonindependent.com