These Three Democrats Could Torpedo Larry Summers's Nomination
September 09, 2013
It has become glaringly obvious over the past couple months that President Obama wants to nominate Larry Summers to become the next chair of the Federal Reserve.
A Liberal Lion With No Roar
July 11, 2013
In another time, Oregon Senator Jeff Merkley would have a list of liberal accomplishments a mile long.
The Filibuster and "The Fermata"
January 22, 2013
Why time has stopped in the Senate, and why the filibuster will likely survive.
Welcome to Another Golden Era of Liberal Senators
January 08, 2013
The liberal bloc of the Senate today is up there with the early 1960s and mid-'70s.
Simmer Down, Jamie Dimon
June 13, 2012
I didn't watch Jamie Dimon's Senate testimony today, but from the Times live blog it looked like this was the most dramatic moment: Mr. Dimon gets testy for the first time in the hearing. "I think you are misinformed," he told Senator Jeff Merkley, Democrat of Oregon, who said JPMorgan was saved by government bailouts in 2008. "You're factually wrong," Mr.
Your Must-Read of the Day, Wall St. Edition
March 26, 2012
Bloomberg has an absolutely terrific piece of reporting out today about how the big banks have mobilized to water down the Volcker Rule—the reform measure designed to prevent federally-backed banks from placing bets for their own bottom line. Here’s the gist: To make their case in Washington, banks and trade associations have been pressing a coordinated campaign to get regulators from five federal agencies to scale back the draft of the proprietary-trading rule issued in October, according to public and internal documents and interviews.
It's Time for Harry Reid to Nuke the Senate
December 02, 2010
Greg Sargent has been reporting today about Jeff Merkley's new filibuster reform plan; in an update, Sargent writes about the question of how many votes it would take to change Senate rules (see here for my reaction to the substance of Merkley's proposal).
Packer On The Broken Senate
August 03, 2010
In George Packer's excellent New Yorker piece about the Senate's dysfunction, Lamar Alexander is quoted at the end offering a rebuttal: None of the Republicans I spoke to agreed with the contention that the Senate is “broken.” Alexander claimed that he and other Republicans were exercising the moderating, thoughtful influence on legislation that the founders wanted in the Senate. “The Senate wasn’t created to be efficient,” he argued.
A Pretty Good Deal on Financial Reform
June 25, 2010
Parsing the final compromise.
What About A Utility-Only Bill?
June 21, 2010
There are all sorts of rumors swirling around right now about what might be in the energy bill the Senate is planning to take up next month. The most recent involves a carbon cap that would only apply to electric utilities while leaving the rest of the economy uncapped. Would this be an acceptable compromise? Here's Dave Roberts: If you're going to single out one sector for cap-and-trade, electricity is the right choice. For one thing, it's the biggest emitter. For another, most of the lowest cost carbon reductions are expected to come from electricity.