Financial Reform

Reid to Force Repeated Votes

This time, Senate Majority Leader Harry Reid won’t be giving the Republican opposition a breather: He has scheduled new votes on financial-regulatory reform for both Tuesday and Wednesday after the GOP filibustered his first attempt to open debate on the bill on Monday. “We need to keep the pressure up to get a deal,” one Democratic aide tells The Hill. The entire Republican Senate caucus opposed opening debate on the bill, but so did Democratic Senator Ben Nelson of Nebraska—he appears to be upset that the Senate didn’t give his state’s wealthiest resident, Warren Buffett, a loophole he was seeking. Senate Democrats also believe they have an ace-in-the-hole that will ramp up pressure on Republican moderates: Goldman Sachs CEO Lloyd Blankfein will be on the Hill on Tuesday to defend his company.