Two years ago, Wall Street chased Elizabeth Warren off the Consumer Financial Protect Bureau that she’d proposed in the wake of the 2008 financial crisis.
Her Wall Street haters then followed her into the hotly contested Massachusetts Senate race, pouring money into her opponent’s coffers in hopes of keeping her out of office.
Now, in spite of her opponents' efforts, Warren will take a seat on the Banking Committee where she will oversee the implementation of Dodd-Frank and other banking regulations, the Huffington Post reported, according to four sources. read more
Still stung by their defeat in last month's elections, Republicans across the country are back to looking for ways to suppress the vote.
Today the president of a conservative group in N.C. predicted the future for Tar Heel voters: "One of the first bills the North Carolina General Assembly will enact next year, and that new Gov. Pat McCrory will sign, will establish a photo ID requirement to vote in North Carolina." read more
Results of a new poll taken by Gallup show only one in 10 Americans think members of Congress have high honesty and ethical standards.
Car salespeople are the only professionals who rank lower, with only 8% giving them a the "high" trustworthiness and ethics ranking. Congress got the most negative reaction, with more than 54% saying their honesty and ethics were low or very low. read more
Grover Norquist insisted that reports of his tax pledge's death have been greatly exaggerated and warned GOP lawmakers that President Obama's proposal to avoid the fiscal cliff is not serious.
"This is a massive collection of spending increases and tax increases," Norquist said on Sunday's Meet the Press of the proposal presented to Congress by Treasury Secretary Timothy Geithner last week.
"Republicans want to continue the Bush tax cuts, and the extenders and the AMT package... it's the president who's threatening to raise taxes if he stamps his feet and doesn't get his way," he said. read more