Financial Reform Gets to 60 Votes
Financial reform is ready at last: Democrats have the 60 votes needed to pass the financial-regulation overhaul after Republican Senators Scott Brown (MA), Susan Collins (ME), and Olympia Snowe (ME) agreed to break their party's filibuster and vote for the bill. Unless Republicans agree to expedite the process, the bill won't be ready for a final vote until Thursday, leaving plenty of time for Chuck Grassley (R-IA), who voted for the original bill in May, to sign up for the measure—or for Ben Nelson (D-NE), who insists he's officially undecided even though Democratic leaders are counting him in their tally, to throw the process into disarray by coming out against it. Meanwhile, as the vote nears, Peter Lauria talks to media titans, including Google CEO Eric Schmidt and former Yahoo CEO Terry Semel, about increasing skepticism over President Obama.
Read it at The Daily Beast
At last week’s Sun Valley summit of media titans, the mood was dour, the forecast anxious. Peter Lauria on how America’s moguls are growing increasingly skeptical about the president.