The Week in Review
Congressional leaders and the White House worked to corral the 216 House members needed to pass health care reform. After decades of struggle, a vote to send the measure to President Obama is expected in the week ahead. In the Senate, the focus on the floor was on jobs legislation to address stubbornly high unemployment. The economy and ways to help middle class Americans and small businesses also was the subject of a letter sent Friday to President Obama from Senator Bernie Sanders and others.
The Fed With three openings on the Federal Reserve
board, Sanders and several other senators on Friday urged President Obama to
name individuals "who will fight to protect the interests of the American
middle class and small businesses." Instead of the Fed doing the big banks'
bidding, the letter drafted by Sanders called for a cap credit card interest
rates, increased lending to small businesses that create jobs, curbs on
outrageous executive pay, and the breakup of banks deemed "too big to
fail." To read the senators' letter to the president, click here.
Financial Regulation The chairman of the Senate Banking Committee announced Thursday that he had given up on getting the support of even a single Republican senator for reregulating the bankers and traders whose reckless and illegal conduct caused the Great Recession. On financial reforms, as on health care, "we have wasted month after month after month negotiating with people who are not interested in serious reform," Sanders told a Progressive Media Summit on Capitol Hill. "You cannot underestimate how furious the American people are at the greed and recklessness of Wall Street, and how much they want us to take these guys on. We lose faith with ordinary Americans when we have not yet done that, and that's an issue we've got to deal with."
Health Care The legislation likely to go before the
House in coming days is the same health care bill that the Senate passed with
60 votes late last year. It includes a Sanders provision to dramatically
expand community health centers that provide primary care, dental care and
low-cost prescription drugs to millions of Americans. The measure also would
let states set up systems to provide universal, comprehensive affordable care
that could become models for the nation. On deck in Congress is a separate bill
making more improvements to the country's health care system. Fifty-one
senators could pass those revisions using a majority-rules process called
reconciliation. "Of the 22 times that reconciliation has been used since
1980, 16 of those 22 times were done by Republicans," Sanders told a
progressive media conference on Wednesday. "And when people say, ‘Well, you
can't get a comprehensive bill through.' Do not forget that the Contract with
America - a 2,400-page bill which covered almost every aspect of American
life - was passed by reconciliation. So I think the understanding has got to be,
‘I think we've got 50 votes to do something serious, let's do it.'"
Solar Power At a Capitol Hill press conference on
Tuesday, Environment America released a report highlighting the potential of
solar energy and the many ways that solar power can enhance energy security and
reduce pollution. The report also identifies the obstacles to wider
use in the United States and indentifies a combination of policies that could
boost solar enough to meet 10 percent of America's energy needs. The
chairman of the Senate's green jobs subcommittee, Sanders has introduced
legislation to encourage the installation of 10 million solar systems on the
rooftops of homes and businesses over the next decade. To watch excerpts from
the press conference, click here.
