Geithner to meet with Collins on reform
Treasury Secretary Tim Geithner will meet with a key centrist Republican on Monday on financial regulatory reform.
Geithner will meet Monday afternoon with Sen. Susan Collins (R-Maine) to discuss regulatory reform, which is beginning to advance its way through the Senate.
Collins, who is not a member of the Senate Banking Committee, but who is the top Republican on the Appropriations committee’s subcommittee on Financial Services and General Government, has been a target of Democratic overtures on financial reform.
She was among the three Republican senators, though, who Sen. Jack Reed (D-R.I.) suggested might be willing to break party lines when it comes to regulatory reform, the top project for Senate Democrats at the moment.
Even if all 59 Senate Democrats support the bill, they’ll need to pick off at least one Republican in order to overcome objections to moving forward with the legislation.
Geithner’s meeting with Collins is one of the most high-profile examples of pressure beginning to amp up on those Republicans to win their support for the legislation.