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  July 1, 2010, 8:52 am

Van Hollen expects Senate to tweak Disclose Act

By Administrator

Rep. Chris Van Hollen (D-Md.), the assistant to Speaker Nancy Pelosi (D-Calif.) and author of the Disclose Act, expects his bill requiring fuller disclosure on campaign financing to come up in the Senate after that chamber votes on Wall Street reform.

He also expects Senate leaders to change his bill.

"They may have to make changes without harming the core of the bill," he said Wednesday evening. "In other words, no substantial changes."

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Archived under: Corporate Governance
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  June 30, 2010, 9:50 pm

Senate adjourns for July Fourth without passing unemployment benefits extension

By Vicki Needham

The vote failed 58-38 on the two-pronged measure that included a $34 billion six-month extension of unemployment benefits.

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Archived under: Economy
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  June 30, 2010, 8:05 pm

Senate begins vote on unemployment benefits

By Vicki Needham

After changing the schedule several times in the past hour, the Senate is now voting on a motion to end debate on a bill that will extend unemployment benefits. 

This story is developing. 

Archived under: Economy
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  June 30, 2010, 7:49 pm

Van Hollen: Extension of Bush tax cuts will not be offset

By Jay Heflin

Rep. Chris Van Hollen (D-Md.), the Assistant to Speaker Nancy Pelosi (D-Calif.), on Wednesday said dire budget predictions by the Congressional Budget Office will not alter Democratic plans to extend middle-class tax cuts enacted under President George W. Bush and not pay for their cost. 

"Our plan is to continue with that portion of the tax cuts that provide relief to people under $250,000," he said, adding that "not at this time" was there a plan to offset the cost of extending these provisions. 

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Archived under: Domestic Taxes
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  June 30, 2010, 7:41 pm

Members switch votes on Wall St. overhaul

By Silla Brush

Democratic efforts to overhaul Wall Street drew stronger support Wednesday than in December.

The legislation passed Wednesday on a 237-192 vote, with three Republicans in support and 19 Democrats opposed. In December, an earlier version of the legislation passed 223-202, with no Republicans in support and 27 Democrats opposed.

Republicans supporting and Democrats opposing the June legislation:

Three Republicans support the bill:

Reps. Joseph Cao (La.), Walter Jones (N.C.) and Mike Castle (Del.)

19 Democrats oppose the bill:

Reps. Marion Berry (Ark.), Dan Boren (Okla.), Rick Boucher (Va.), Bobby Bright (Ala.), Ben Chandler (K.y.), Travis Childers (Miss.), Jim Cooper (Tenn.), Mark Critz (Pa.), Henry Cuellar (Tex.), Lincoln Davis (Tenn.), Chet Edwards (Tex.), Marcy Kaptur (Ohio), Ann Kirkpatrick (Ariz.), Mike McIntyre (N.C.), Harry Mitchell (Ariz.), Bill Owens (N.Y.), Tom Perriello (Va.), Mike Ross (Ark.) and Ike Skelton (Mo.).

Four members did not vote:

Reps. Gene Taylor (D-Miss.), Lynn Woolsey (D-Calif.), Zach Wamp (R-Tenn.) and Don Young (R-Alaska).

Here is a breakdown of the changes between December 2009 and June 2010:

Republicans move to support the bill:

Reps. Joseph Cao (La.), Walter Jones (N.C.) and Mike Castle (Del.) switched their votes to support the legislation.

Democrats switching from 'no' to 'yes':

Reps. Debbie Halvorson (Ill.), Baron Hill (Ind.), Dennis Kucinich (Ohio), Solomon Ortiz (Tex.), Kurt Schrader (Ore.), Zack Space (Ohio), Bart Stupak (Mich.), Harry Teague (N.M.) and Pete Visclosky (Ind.) switched their votes to support the bill.

Democrats switching from 'yes' to 'no':

Reps. Travis Childers (Miss.), Jim Cooper (Tenn.) and Bill Owens (N.Y.) dropped their support for the bill.

Switched parties or resigned from Congress:

Rep. Parker Griffith (Ala.) switched parties from Democrat to Republican. Griffith voted against the bill on both votes.

Eric Massa (N.Y.) resigned his seat in March. Massa had voted against the legislation in December.

From 'no' to 'not voting':

Rep. Gene Taylor (D-Miss.) and Zach Wamp (R-Tenn.) 

From 'not voting' to 'yes':

Reps. Tammy Baldwin (Wis.), Zoe Lofgren (Calif.), Stephen Lynch (Mass.), Jim Moran (Va.), Jim Oberstar (Minn.), Charles Rangel (N.Y.) and Louise Slaughter (N.Y.).


Archived under: Banking/Financial Institutions
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  June 30, 2010, 7:07 pm

House, Senate will vote Thursday on separate unemployment bills

By Vicki Needham

The House and Senate will vote Thursday on separate bills to extend unemployment benefits for more than 1 million Americans. 

The House is expected to pass a nearly $34 billion stand-alone version of the bill to extend benefits through November for the long-term jobless, which is around 7 million people. 

The Senate will vote to end a Republican filibuster on a two-pronged measure that includes the benefits extension and provides homebuyers with an extra three-months to close on a purchase that qualifies for a federal tax credit up to $8,000. 

Through Wednesday, Senate Democrats were one vote short of the 60 votes needed to advance the bill. The vote is expected around 5:30 p.m. Thursday, after Sen. Robert Byrd (D-W.Va.) lies in repose for most of the day in the Senate chamber. 

If the Senate passes its legislation, the House would probably follow suit before the July 4 recess begins, according to a senior Democratic aide. That vote would likely take place Friday unless the process can be expedited. 

Archived under: Economy
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  June 30, 2010, 7:05 pm

House approves Wall Street reform

By Silla Brush

Three Republicans vote yes, 19 Democrats vote no in a 237-192 tally.

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Archived under: House, Finance & Economy, Corporate Governance
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  June 30, 2010, 6:23 pm

Debt commission could alter fate for Bush tax cuts

By Jay Heflin

The apocalyptic prediction Wednesday by the Congressional Budget Office that the budget is on a unsustainable course have some on Capitol Hill wondering if an extension of the middle-class tax cuts enacted by President George W. Bush is fiscally prudent. 

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Archived under: Domestic Taxes
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  June 30, 2010, 6:03 pm

Congress set to leave for recess without moving unemployment

By Vicki Needham and Jay Heflin

The House and Senate appeared set Wednesday to leave Washington for a weeklong recess without extending unemployment benefits. 

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Archived under: Finance & Economy, Economy
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  June 30, 2010, 4:34 pm

Voinovich a 'no' on Reid's latest unemployment extension

By Jay Heflin

Sen. George Voinovich (R-Ohio) on Wednesday urged Senate Majority Leader Harry Reid (D-Nev.) to offset at least half the cost of extending unemployment benefits by using unspent stimulus funds, but Reid refused. 

"He flatly rejected this request even though Democratic leadership was going to take $10 billion from the stimulus to help pay for business tax breaks just last week," Voinovich said in prepared remarks. "My concern is that Democrats are more interested in having this issue to demagogue for political gamesmanship than they are in simply passing the benefits extension. I came to the table with a fair compromise and the ball is in their court." 

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Archived under: Economy
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