This may well be out-of-date by the time you read it but as I write it, the House D’s are considering blocking the CRomnibus budget bill proposed by the R majority to keep the gov’t running past its deadline at midnight tonight.
Details here, but the R’s went too far by adding in repeals of certain parts of Dodd-Frank financial market reform, as I described yesterday. And in an interesting twist, because the bill doesn’t go far enough on punishing the President for his immigration action for conservative House R’s, it looks like Rep. Boehner once again needs D’s to pass the funding measure.
So if you’re a D who recognizes the need for strong financial market oversight, why should you support this bill? Because the R’s have you backed into a corner in terms of a shutdown? Believe me, I very much don’t want to see that outcome either, but that doesn’t mean I’d swallow whatever they served up.
Because you’re better off negotiating a budget deal with these R’s than with the more conservative incoming R’s? Again, I can see the point, but fact is you’ll be negotiating a new budget deal with the incoming class either way. The bill they’re voting on today only lasts through Sept. 2015 (and the Homeland Security part only lasts through Feb!).
Here’s what Nancy Pelosi wrote to her colleagues:
PRESS RELEASES 12.11.14
Pelosi Dear Democratic Colleague on CRomnibus
Dear Democratic Colleague,
It is clear from this recess on the floor that the Republicans don’t have enough votes to pass the CRomnibus. This increases our leverage to get two offensive provisions of the bill removed: the bank bailout and big money for campaigns provision.
However you decide to vote in the end, I thank those who continue to give us leverage to improve the bill.
I agree and am glad she and a number of her colleagues are taking this stand.