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Republican senators: [Financial] Regulatory reform will pass
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| Contributor | Brandonius Maximus |
| Last Edited | Brandonius Maximus Mar 25, 2010 10:32am |
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| Category | General |
| Author | VICTORIA MCGRANE & LISA LERER |
| News Date | Thursday, March 25, 2010 04:30:00 PM UTC0:0 |
| Description | The Obama administration’s chances of achieving a bipartisan victory on financial reform increased dramatically Wednesday as two top Republicans acknowledged the legislation would pass the Senate and Democrats sought to harness the momentum of their health care win.
One of those Republicans, Sen. Bob Corker of Tennessee, conceded that his party had made a “major strategic error” by refusing to back bipartisan negotiations before the bill passed out of committee. He suggested that Democrats are right to think they have the political advantage on the issue.
“This is so unlike the health care debate,” said Corker, who was working on a bipartisan deal with Senate Banking Committee Chairman Chris Dodd until two weeks ago, arguing it will be difficult to keep all 41 GOP senators together on financial reform.
“I don’t think people realize that this is an issue that almost every American wants to see passed. There’ll be a lot of pressure on every senator and every House member to pass financial regulation.”
Corker’s comments — a rare public criticism of party strategy by a senator in the midst of negotiations — drew a sharp rebuke from Alabama Sen. Richard Shelby, who has retaken the lead in talks with Dodd on regulatory reform. |
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