Bipartisan Finance Bill Alive?

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.


Sen. Judd Gregg (R-RI), a top senator with a hand in financial regulatory reform, held out hope today that the Senate’s bill to rewrite the rules of our financial markets could still garner bipartisan support. “I hope we’ll do a negotiated compromise because there’s not really a big partisan divide here,” Gregg told a Bloomberg radio program. “It’s just a question of getting it right.”

The bill, which is set to hit the Senate floor tomorrow or Thursday, has become the latest lightning rod issue to divide the Senate. Senate Minority Leader Mitch McConnell (R-Ky.) sparked the partisan bickering by disingenuously saying the bill would lead to “endless taxpayer-funded bailouts”; soon after, all 41 Republicans in the Senate signed a letter opposing the current version of reform legislation. That divide between Democrats and Republicans has been exacerbated by an armada of Wall Street and other financial lobbyists seeking to water down the Senate’s financial reform bill and play members of both parties off of each other. The challenge facing Democrats is rounding up one or two or three GOP votes to overcome Republicans’ potential filibuster and pass the bill, which could be voted on as early as Monday of next week.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate