Wall Street sees no need for more regulations of course, but unfortunately for Main Street Americans still reeling from the last financial crisis, President Obama may turn out to be the banking industry’s biggest ally.
“The federal government experimented with indefinite detention of United States citizens during World War II, a mistake we now recognize as a betrayal of our core values,” Sen. Dianne Feinstein said Wednesday as she introduced an amendment to end the provision. “Let’s not repeat it.”
Senate Majority Leader Harry Reid postponed a test vote Wednesday while he worked on a deal with Republican Sen. Susan Collins, but he earlier said he believed he could get the 60 votes needed to end the military’s ban on openly gay soldiers.
Overcoming the objections of Democrat Ben Nelson and 39 of his Republican friends, 60 senators passed a key procedural vote Tuesday, making an extension of unemployment benefits a near certainty. Senators siding with the jobless included 56 Democrats, two independents and the Republican senators from Maine.