Democrats must use this moment to recommit themselves to the progressive agenda that got President Obama elected.
Richard Blumenthal, expected to run to replace retiring Sen. Christopher Dodd (D), has been Connecticut's attorney general since 1991. He enjoys high approval ratings in his home state.
Ben Bernanke faces a tougher path to winning a second term as chairman of the Federal Reserve after a Senate committee's 16-to-7 approval vote.
The House financial overhaul bill covers everything from financial giants to individual consumers. But lobbyists are lined up to fight it, and deals will have to be made with some lawmakers as the Senate considers its own bill.
Regulations in a House financial bill would mean the most significant overhaul of the financial-services industry since the New Deal.
Sen. Christopher Dodd introduced a bill in the Senate Banking Committee Tuesday aimed at tightening bank regulation. Critics of the current system say regulators are too cozy with bankers now.
The Treasury Department asked Capitol Hill Tuesday to overhaul regulation of the credit industry, saying the current system is 'designed to fail.'
Lawmakers have a lot on their plates, plus they're still smarting from earlier bailouts.