Negotiations with the House over the final financial reform bill are expected to be more transparent than they were with health-care reform. Exemptions or special deals sought by industry lobbyists are likely to stir intense debate.
GOP leaders want to continue negotiations with Democrats over the shape of financial reform, before it moves on to the Senate floor. But a pivotal vote is set for Monday afternoon.
New revelations in e-mails at Goldman Sachs show managers discussing profits to be made from the mortgage crisis. This comes just as Congress is to take up Wall Street reform legislation.
Wonder why they missed the financial crisis? Or Bernie Madoff's Ponzi scheme? A government report obtained by ABC News reveals that SEC employees were focused on something else: porn.
With his new fiscal commission, President Obama continues his push for bipartisanship. But it may be an uphill slog. On other major issues – healthcare, bank reform, and jobs – it's been hard to find agreement.
In paring down the jobs bill, Senate majority leader Harry Reid has an eye on voter concerns about federal spending. He's also betting that Republicans won't reject a bill with 'jobs' in the title.
Senate majority leader Harry Reid says he's focused on a leaner bill that will 'create jobs immediately.' He's also aware that voters are angry with the way government is working, particularly in terms of federal budget deficits.
The Baucus-Grassley bill focuses on those who have been out of work for at least 60 days. But some experts say it would have only modest impact on the unemployment rate.
The US Senate began voting Tuesday on amendments and counter-amendments to the healthcare reform bill, as senators battle to shape the final product.
But Attorney General Eric Holder also told senators Wednesday that accused 9/11 mastermind Khalid Sheikh Mohammed could be detained indefinitely if acquitted in a New York terror trial.