Democratic support for $1.1T spending bill wavers [View all]
Source: AP-Excite
By ANDREW TAYLOR
WASHINGTON (AP) — Democratic support for a huge, $1.1 trillion spending bill funding every corner of government faded Wednesday as liberal lawmakers erupted over a provision that weakens the regulation of risky financial instruments and another that allows more money to flood into political parties.
At the same time, conservatives are unhappy that the bill fails to challenge President Barack Obama's immigration policy.
The measure took a blow when House Democratic Leader Nancy Pelosi, D-Calif., issued a statement demanding that the changes to 2010 Dodd-Frank regulation of complex financial instruments known as derivatives and a provision sharply hiking limits on donations to political parties be taken out of the bill. Her support, and the votes of her Democratic colleagues, is crucial to passing the measure.
"These provisions are destructive to middle class families and to the practice of our democracy," Pelosi said. "We must get them out of the omnibus package."
FULL story at link.
House Speaker John Boehner of Ohio meets with to reporters on Capitol Hill in Washington, Wednesday, Dec. 10, 2014, following a House GOP caucus meeting. With time running short before Congress adjourns, Republicans and Democrats agreed Tuesday on a $1.1 trillion spending bill to avoid a government shutdown and delay a politically-charged struggle over President Barack Obama's new immigration policy until the new year. (AP Photo/J. Scott Applewhite)
Read more: http://apnews.excite.com/article/20141210/apfn-us--congress_rdp-4a87fbd273.html
Grew a pair?
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