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Warren leads liberal Democrats rebellion over provisions in $1 trillion spending bill
Key Excerpts from Article on Website of Washington Post
Posted: December 15th, 2014
http://www.washingtonpost.com/business/economy/warren-leads-...
Congressional liberals rebelled Wednesday against a must-pass spending bill that would ... roll back critical limits on Wall Street and sharply increase the influence of wealthy campaign donors. Sen. Elizabeth Warren (D-Mass.), a popular figure on the left, led the insurrection with a speech on the Senate floor, calling the $1.01 trillion spending bill the worst of government for the rich and powerful. Meanwhile, White House press secretary Josh Earnest said, I dont think the vast majority of Democrats or even Republicans are going to look too kindly on a Congress thats ready to go back and start doing the bidding of Wall Street interests again. On the Senate floor, Warren said the changes in the spending bill would let derivatives traders on Wall Street gamble with taxpayer money and get bailed out by the government when their risky bets threaten to blow up our financial system. She added: These are the same banks that nearly broke the economy in 2008 and destroyed millions of jobs. Rep. Chris Van Hollen (D-Md.), who opposed the 2013 bill, said he would vote against the new spending measure in its current form. The change to Dodd-Frank coupled with the campaign finance provision makes for a toxic blend, he said. Van Hollen was one of the few Democrats willing to risk a government shutdown by blocking the bill. Pressed by reporters, even Warren would not make that commitment.
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