Saturday, May 15, 2010

We May Have One More Precious Day To Ensure that the Senate Passes Glass-Steagall

March 15, 2010 (LPAC)—The U.S. Senate adjourned before noon yesterday, Friday, after some desultory discussion of more minor amendments to Dodd's Financial Reform Act. It will reconvene at 2:00 on Monday, and resume debate on Financial Reform at 3:00. No votes will be taken until after 5:30 Monday.

Although the Cantwell-McCain amendment to restore Franklin Roosevelt's Glass-Steagall protections is still on the list of amendments to be considered, it was not one of the four amendments which Sen Dodd announced might be voted on on Monday,— so that strategically critical vote may be deferred until Tuesday, or even Wednesday.
At a Senate Democratic Caucus lunch on Thursday, called by Majority Leader Harry Reid, a number of angry Senators, including Byron Dorgan and Sheldon Whitehouse, threatened that they could join Republicans in blocking a cloture vote, if their amendments were not allowed to be presented for debate and a vote.


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