In the wake of Monday’s failed vote on Wall Street reform, Democratic leaders are planning a series of votes on the same bill until it passes — confident that Republicans can’t hold together for long.
And Democrats believe they’ve got an ace in the hole: Lloyd Blankfein, the Goldman Sachs CEO.
Blankfein is sure to face a barrage of criticism over his company’s actions in a Senate hearing Tuesday — and shine a light on some of the very practices that Democrats say the regulatory reform bill is meant to abolish.
Votes could come as early as Tuesday and Wednesday, Senate Democratic aides said, adding that they’ll keep voting until they can peel off at least one or two moderate Republicans who won’t want to take a PR hit over blocking the reform bill.
But Senate Minority Leader Mitch McConnell had promised to hold his members together against the Democratic bill — and he succeeded Monday, blocking a Democratic effort to open debate on the bill.
And one of the most likely targets of the Democrats’ effort to keep voting until they flip a moderate — Sen. Olympia Snowe (R-Maine) — made clear that she didn’t appreciate Senate Majority Leader Harry Reid’s tactics. - Politico Story
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