SMRs and AMRs

Monday, April 19, 2010

Reid to McConnell: Come clean

By: Carrie Budoff Brown
Politico.com
April 19, 2010

Senate Majority Leader Harry Reid (D-Nev.) called on Minority Leader Mitch McConnell (R-Ky.) to disclose details of his meeting two weeks ago with Wall Street executives – a move that ratchets up the partisan tension ahead of Senate consideration this week of a financial regulatory reform bill.

Reid issued the challenge through his spokesman moments before delivering a speech on the Senate floor that didn’t go as far as the statement, but still lashed Republicans for their ties to special interests. The majority leader followed the lead of President Barack Obama, who went after McConnell Saturday in his weekly address for meeting with 25 Wall Street executives and later criticizing the bill.

“Since Republicans appear to be conducting backroom negotiations with these same people who took our economy to the brink of collapse, the public deserves to know what secret deals and carve-outs Republicans are offering Wall Street executives in exchange for their support,” Reid spokesman Jim Manley said.

Speaking on the floor after Reid, McConnell didn’t directly respond to majority leader’s charge, but continued to point out that his calls for removing a $50 billion fund to wind down failing institutions has support within the administration.

(More here.)

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