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Wall Street reform conference reopens
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| Contributor | Brandonius Maximus |
| Last Edited | Brandonius Maximus Jun 29, 2010 01:29pm |
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| Category | News |
| Author | CARRIE BUDOFF BROWN & JONATHAN ALLEN |
| News Date | Tuesday, June 29, 2010 07:00:00 PM UTC0:0 |
| Description | In an extraordinary move aimed at winning over reluctant Republican senators, the top Democratic negotiators on the Wall Street reform bill will reopen the conference committee Tuesday to swap out a controversial $19 billion tax on big banks, according to House and Senate aides.
The unusual development points to deepening troubles for Democrats in their push to finish the bill before the July 4 recess. The death Monday of Sen. Robert Byrd (D-W.V.) and the decision by Sen. Scott Brown (R-Mass.) to oppose the bill unless the tax was removed left Democrats several votes shy of Senate passage.
Other key Senate Republican holdouts — Susan Collins of Maine, Olympia Snowe of Maine and Chuck Grassley of Iowa — also expressed concern with the tax, saying they were surprised to learn that it was added early Friday morning during an all-night committee meeting. |
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