Financial Regulation Advocates Fighting Bill to Gut Regulatory Agencies

By: Friday November 9, 2012 10:17 am

Among the other goodies in store for America in the lame duck Congress is a bid to gut financial regulatory and other agencies and set up a process to take away their independent control and subsume them under the power of the executive. The Senate Homeland Security and Governmental Affairs Committee, under the direction of [...]

CEO’s Bold Plan to Fix the Debt By Lowering Their Own Taxes

By: Thursday October 25, 2012 9:15 am

Mark Warner and Saxby Chambliss are the two Senators most hopeful of replacing Erskine Bowles and Alan Simpson should they ever die or meet a poor person and get a spark of empathy. Warner and Chambliss are charter members of the Gang of Six, now a Gang of Eight, who are hard at work on [...]

Senators Seeking to Delay, Water Down Wall Street Rules

By: Monday September 10, 2012 11:02 am

There has been a multi-stage reaction from Wall Street to the prospect of financial regulation, ever since the crash necessitated the need for the political class to act like they were doing something to rein in the financial sector. First the banks tried to water down the legislation which eventually became Dodd-Frank. Then they used [...]

The Hidden History of the Debt Limit Hijack: Democrats Started It

By: Monday August 1, 2011 1:26 pm

I have a piece in the American Prospect today on five turning points in the debt limit fight. I think they’re actually in descending order of importance, and the biggest one is right at the top – this deal is the function of horrible economic stewardship in 2009 and 2010. OBAMA AND DEMOCRATS COULD HAVE [...]

The Democratic Credibility Gap

By: Friday July 22, 2011 2:25 pm

In the aftermath of whatever becomes of the debt limit deal, you’re going to see a lot of apologies for the dim result that Democrats will see. Jonathan Bernstein takes a stab at it today. This is the general theme: the surrender on deficits was prefigured by the result of the 2010 elections, and Democrats [...]

In Waltzes the Gang of Six

By: Tuesday July 19, 2011 9:57 am

Update: the Gang of 6 announces they have reached a deal, and the President has praised it — ed To the extent that there’s anything routine about the federal government’s fiscal state with just 14 days until the Treasury runs out of cash, the events on Capitol Hill appeared to fall into a pattern. The [...]

Senate Democrats Tout $1.5 Trillion in Tax Cuts Over Past Four Years

By: Monday April 18, 2011 11:50 am

Anyone who thinks that Democrats have suddenly got religion on revenues and the need for tax hikes on the rich (or simply to let the Bush tax cuts expire entirely) should take a look at the Tax Day press release I just got from the Senate Dems. Here’s the headline: “FACT SHEET: DEMOCRATS HAVE PASSED [...]

Warner, Chambliss Go Public with Their Cat Food Road Show

By: Tuesday March 8, 2011 1:10 pm

We already knew plenty about Warner-Chambliss, the move by two Senators to revive the cat food commission and push through the Bowles-Simpson report. Bowles and Simpson are giving them a hand with that with something called the “Moment of Truth Project,” in conjunction with the Committee for a Responsible Federal Budget, a Pete Peterson outfit [...]

Warner-Chambliss Calls for $4 Trillion in Deficit Reduction

By: Monday January 24, 2011 7:43 am

The reason I’m tickled by the President’s State of the Union message is that I see the potential alternative, one that nods to an austere deficit reduction document like what Mark Warner and Saxby Chambliss are cooking up. U.S. Sen. Mark Warner is about to heed his own admonition that Congress “put up or shut [...]

All Senate Democrats But Dodd Sign Letter Demanding Senate Rule Changes

By: Wednesday December 22, 2010 2:00 pm

This is a major breaking story. The main reason that the lame duck session was so productive was that the rest of the legislative session was so UNPRODUCTIVE, because the Republicans were able to ran out the clock. Senate Democrats are taking a stand and saying, we cannot work this way anymore. All Democratic senators [...]

Warner-Chambliss: The New Catfood

By: Tuesday December 21, 2010 10:02 am

Senators Mark Warner and Saxby Chambliss have re-animated the Catfood Commission, and plan to introduce a bill based on its recommendations in the next Congress. Two senators pledged on Monday to offer bipartisan legislation next year that reflected proposals to slash the federal budget deficit submitted this month by a presidential commission. “Taking the commission’s [...]

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