House and Senate conferees crafted a final version of financial reform legislation Friday. Both houses are expected to vote on the bill next week.
The House passed the Disclose Act Wednesday. The act addresses the Supreme Court ruling that struck down campaign finance spending limits on corporations. But some organizations, like the NRA, are exempt. The bill faces a tough fight in the Senate.
Gen. David Petraeus is likely to win Senate confirmation as the top US commander in Afghanistan. But the hearing could reopen a debate on strategy, especially the 2011 planned troop drawdown.
Congress faces a formidable agenda this summer, but nothing is as wrenching as upcoming votes to fund new spending on the Afghanistan war.
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.
Three Republican senators from the Northeast join majority Democrats to advance a financial reform bill to tighten regulation of Wall Street.
Lawmakers in Congress have unveiled legislation to temper the Supreme Court ruling that allows unlimited spending by corporations and unions on political campaign ads. They could use help from Republicans who have supported campaign finance reform in the past.
The International Criminal Court issued an arrest warrant for the Sudanese president, Omar al-Bashir, a year ago Thursday. Now, reports of violence have cropped up in southern Sudan, Darfur.
J.D. Hayworth, who is contesting Sen. John McCain in the GOP primary, plans to make border security and illegal immigration key campaign themes – and to tap 'energy' of resurgent conservatives.
The Supreme Court's campaign finance ruling was based on the US Constitution. This makes it particularly hard for Congress to do anything but modify campaign finance law – public disclosure provisions, for example.