Tom Coburn cares about the size and scope of the federal government. So do Ron Johnson and Pat Toomey. But they just voted for a tax increase with legislation that was not even publicly available. In other words, they voted for a law that was not even written for them to review. And what was in the law? Nothing to rein in the size of | Read More »
Richard Cordray, President Obama’s pick to lead the Consumer Financial Protection Bureau, won approval from the Senate Banking Committee last week on a party-line vote. His confirmation to run the new agency faces fierce opposition from Republicans, who have vowed to block Senate approval until reforms are made to the agency. Sen. Richard Shelby (R-AL) is leading those calls for reform. As the ranking Republican on the | Read More »
Financial Services “Reform” passed the Senate yesterday on a 59-39 vote. Now the question is what will happen next? What is the end game for this legislation? What will it look like when it is presented to the President to be signed into law? A conference between the House and Senate is expected in the next month to negotiate the differences between the house passed measure | Read More »
Elena Kagan — get to know the name. The Senate and House have a no votes scheduled for today. Yesterday the Senate completed work on another day of amending S.3217 the “Restoring American Financial Stability Act of 2010″ (also known as the ObamaBailout bill). The buzz in Washington today is about Solicitor General, Elena Kagan, being President Obama’s pick for the Supreme Court to replace Justice John | Read More »
The Senate continues debate on S.3217 the “Restoring American Financial Stability Act of 2010″ (The ObamaBailout bill) and votes on amendments will be fast and furious today. The House is voting on “Cash for Caulkers” later this afternoon. The House will complete some committee work on a campaign finance bill and Attorney General Eric Holder will be testifying to a Senate Appropriations Committee asking for money. Conservatives should watch the | Read More »
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