After passing the unemployment relief bill, the Senate this week finally made some progress on what will probably be the final job-creation measure to be considered this year -- the Small Business Jobs and Credit Act of 2010.Read Full Article
As some of you have noted in the comments, in my post last night on what's been going on with the unemployment bill, I came to the wrong conclusion about which bill -- H.R. 4213 or H.R. 5618 -- would be getting a vote on Tuesday. Because, as I explained, Senate Democrats had been setting up the procedure for bringing H.R. 5618 to the Senate floor directly (skipping the committee process), I figured that was the bill they were planning to move forward with. However, shortly after publishing the post, new information was posted on the Senate calendar that indicated H.R. 4213 would actually be the bill getting a vote.Read Full Article
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“If Governor Manchin does what he has indicated to me he will and we’ll have a new senator to replace Senator Byrd, then we’ll vote Tuesday morning sometime on the unemployment extension,” Reid said.
Congress reconvenes from their July 4th recess on Monday and one of their first orders of business will be extending unemployment insurance benefits for the more than 2 million Americans who have had their benefits cut off over the past month due to congressional inaction. Here's a step-by-step rundown of what to watch for over the next several days as the pieces fall into place for getting the extension out of the Senate and signed into law so that millions of unemployed workers can finally get some relief.Read Full Article
It's going to be a big day in both chambers of Congress on the issue we've been tracking steadily on this blog for weeks -- extending unemployment insurance benefits for the millions of unemployed individuals who have had their payments cut off since late May. Here's what you need to know to follow today's votes.Read Full Article
Despite shaving another $22 billion off the price tag of H.R. 4213, the unemployment insurance, jobs and tax extenders bill, the Democrats this afternoon failed for the third time in three weeks to defeat a Republican filibuster. As a result, Majority Leader Sen. Harry Reid [D, NV] is giving up and moving onto other legislative matters. "We can't pass it until we get some Republicans... It's up to them," Reid said.Read Full Article
Senate Democrats tried once again last night to overcome a budget point of order against their unemployment insurance/tax extenders bill, this time on a pared-down version, and failed 56-40. Sixty votes were needed. Sen. Ben Nelson [D, NE] and Sen. Joe Lieberman [I, CT] joined all Republicans in voting down the bill.
The path forward from here is unclear to say the least. Majority Leader Harry Reid [D, NV] tried after the failing vote to pass each piece of the bill -- the unemployment benefits, the doc-fix, the Medicaid money -- as stand-alone measures by unanimous consent. But, each time, Minority Leader Mitch McConnell [R, KY] objected, citing deficit concerns. McConnell then offered to pass by unanimous consent a version of the bill that would be paid for with stimulus funds, but Reid objected to that.Read Full Article
After two weeks of solid debate -- and two weeks of people having their unemployment insurance cut off because of congressional inaction -- the Senate this morning took their first test vote on passing H.R. 4213, the "American Jobs and Closing Tax Loopholes Act of 2010." They failed miserably. The final vote count was 45-52. Sixty votes were needed to proceed.Read Full Article
Peter Cohn at Congress Daily ($) thinks a deal may be in hand: "An amendment from Sen. Jon Tester, D-Mont., to strike $25 a week in extra unemployment compensation from a nearly $140 billion package of benefit payments and tax breaks could shore up support among wavering senators concerned about its deficit impact. [...] Tester's amendment would only trim about $6 billion from that figure. But it could be seen as a gesture toward the position espoused by Blue Dogs and Senate Democrats like Ben Nelson of Nebraska and Evan Bayh of Indiana, who are holding out for cost cuts."Read Full Article
On May 28, before leaving for recess, the House split the extender bill, known as the American Jobs and Closing Tax Loopholes Act of 2010, into two pieces and passed them both. But by the time the House finished their work on the bill, the Senate had already left town, causing the bill to linger as unfinished business over the week-long recess. As a result, on June 2, unemployment insurance benefits began expiring for hundreds of thousands of people, and the pay cut for doctors is set to take effect imminently (the only reason it hasn't happened yet is that Medicare has temporarily postponed its claims processing).
Senate Majority Leader Harry Reid [D, NV] initially said that passing the bill would be the first thing the Senate does on Monday morning. But, as The Hill is reporting, it now looks like that isn't going to happen. Senate Democrats have yet to schedule a debate on the bill, and they likely do not have the votes to pass it in its current form.Read Full Article
A day after President Obama said that he will help whip votes for passing climate change legislation in the Senate this year, Senate Majority Leader Sen. Harry Reid [D, NV] called on committee chairmen to prepare a strategy for passing a climate bill this summer. And he's calling for proposals to address the BP oil leak to be rolled into it.Read Full Article
After cutting COBRA health care benefits for the unemployed and Medicaid funds for states with budget problems, the House has finally passed their economic recovery bill, the American Jobs and Closing Tax Loopholes Act of 2010.
But they are a day late. The Senate adjourned this afternoon and won't be back to vote on the bill until Monday, June 7. The current unemployment benefits extension that was approved by Congress in April is set to expire on June 2. According to the Department of Labor, more than 300,000 unemployed people will exhaust their current tier of benefits and be left without a lifeline by the time the Senate gets back to take up the bill.Read Full Article
If you think the Senate has a pro-Wall Street tilt right now, just wait until the current Majority Leader is defeated and the next in line takes over. The Washington Post is running a piece today on the many reasons why the Senate's current number-three Democrat, Sen. Chuck Schumer [D, NY], is the most likely candidate for the position after/if current Majority Leader Harry Reid [D, NV] is defeated in the November mid-terms, not the progressive number-two, Sen. Dick Durbin [D, IL].Read Full Article
As expected, Senate Majority Leader Harry Reid [D, NV]has filed for cloture on the financial reform bill, setting up the possibility of a Wednesday vote on ending the debate and forcing an up-or-down vote on passage.
For financial reform advocates, this is mixed news. On the one hand, the bill that Reid is filing cloture on is stronger than what anyone had really expected the Senate to produce. Blanche Lincoln's tough derivatives language is still mostly in tact, strengthening amendments regarding debit fees, ratings agencies and auditing the Fed have been adopted, and every attempt to weaken the bill so far has been beaten back. On the other hand, some of the most important strengthening amendments haven't been voted on yet and may not get voted on if cloture is approved on Wednesday.Read Full Article
Senate Majority Leader Sen. Harry Reid [D, NV] filed for cloture on the financial reform bill today, meaning that the Senate can move forward with a vote to begin debating on Monday. Under Senate rules, if there is an objection to a unanimous consent request to bring up a bill for floor debate, as is the case with the financial reform bill, at least 16 senators must sign and file a cloture petition on the motion to proceed to the bill. After 30 hours, the Senate can vote on whether or not to invoke cloture. The cloture vote is set for Monday, April 26 at 5:00 p.m. ET and will require a supermajority of 60 votes to pass.Read Full Article