Senate passes financial reform

After weeks of delay, Senate Democrats were finally able to defeat GOP roadblocks and pass the bill to reign in Wall Street, and hopefully, prevent the 2008 crises from happening again. As the House already passed the final version, the bill now goes to President Obama for signature. The Senate’s next big legislative item will be an energy/climate bill that Senate Majority Leader Harry Reid will try to bring to the floor in two weeks. The House passed its version last year, but the Senate will scale back the “cap and trade” provision to only limit carbon pollution to power plans.

A Senate vote on extended unemployment benefits has been put off until next week, when Bob Byrd’s replacement (to be announced by Gov. Manchin tomorrow) will be sworn in, giving the Democrats enough votes. Republicans also delayed a commitee vote on Elena Kagan until next week.

1 Comment

  1. anna w says:

    Try living in a small town and looking for a job!! I need unemployment and I need it now!! Factories are shutting right and left.. The ONLY Burger King res, went up in flames last week, more people out of work!! HELP the little towns before we shut down!!