Saturday, April 24, 2010

Susan Collins & Olympia Snowe - #1620 - Collins, Snowe, Stymie Dems Tactics - The Hill

Senate Republican centrists have stayed close to the GOP leadership for much of the past 14 months, throwing off the Democrats’ legislative strategy for the 111th Congress. Maine Sens. Susan Collins (R) and Olympia Snowe (R) have shown surprising solidarity with Senate Republican Leader Mitch McConnell (Ky.) in opposing a Democratic Wall Street reform bill, forcing Democrats to reopen negotiations. By doing so, Collins and Snowe have resisted the legislative strategy that Democrats set for healthcare reform and, more recently, Wall Street reform.  Democratic senators describe that strategy as putting together legislation with few concessions to the GOP and then running a full-court press on Snowe, Collins and a few other centrists to win 60 votes. But Democrats have been forced to consider compromises in the financial regulatory reform bill thanks to Snowe’s and Collins’s holdout. A Democrat close to the negotiations said Senate Banking Committee Chairman Chris Dodd (D-Conn.) would probably drop a proposal to create a $50 billion fund — supplied by major banks — to pay for the orderly liquidation of troubled financial institutions.  Read more.......

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