Congress starts the week with more work on financial regulatory reform legislation. Both the House and Senate have passed bills, and now it will be the responsibility of the bicameral conference committee to work out the differences. Democrats vow to have an open process; Republicans want it all on C-SPAN; lobbyists still want to get in a few last minute changes. We’ll report on it all, and let you decide on the merits.
House Democrats gear up for another tough vote on a so-called “extenders” bill. The nearly $200 billion legislation extends current tax cuts and social spending that are set to expire during the Memorial Day recess next week through 2010. However, only 30 percent of the price tag is offset, which has fiscally conservative Blue Dog Democrats worried.