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Don't Call It A Shutdown
By Jake Sherman and Zachary Warmbrodt, Dec. 8, 2014, Politico.com
Bitter private fighting between a conservative Texas firebrand and a New York Democrat over a package to renew a terrorism insurance program has emerged as one of the last-minute hurdles Congress must clear as it averts a government shutdown and gets out of town for the year.
Rep. Jeb Hensarling (R-Texas), a frequent foe of big business who chairs the Financial Services Committee, is trying to use the negotiations over renewing the Terrorism Risk Insurance Act to enact changes to Dodd-Frank, the 2010 banking regulation law Republicans have tried to dismantle.
Sen. Chuck Schumer (D-N.Y.) and the White House are opposed, and think Hensarling is overreaching and slowing the talks.
Late in the talks, Republicans criticized Senate Democrats for including language to install a person with community banking experience on the Federal Reserve board of governors.
Read the full story: www.politico.com
Bitter private fighting between a conservative Texas firebrand and a New York Democrat over a package to renew a terrorism insurance program has emerged as one of the last-minute hurdles Congress must clear as it averts a government shutdown and gets out of town for the year.
Rep. Jeb Hensarling (R-Texas), a frequent foe of big business who chairs the Financial Services Committee, is trying to use the negotiations over renewing the Terrorism Risk Insurance Act to enact changes to Dodd-Frank, the 2010 banking regulation law Republicans have tried to dismantle.
Sen. Chuck Schumer (D-N.Y.) and the White House are opposed, and think Hensarling is overreaching and slowing the talks.
Late in the talks, Republicans criticized Senate Democrats for including language to install a person with community banking experience on the Federal Reserve board of governors.
Read the full story: www.politico.com
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