Hi Mike — I’d thought about sketching out the debt crisis in Puerto Rico and the policy options and prospects for relief or restructuring, but HRC “preempted” that, speaking to the issue earlier today and advocating access to Chapter 9 bankruptcy for the Commonwealth. If you want this issue tracked at all, I can come back …
Hi Mike — The House passed HFT as predicted yesterday, by a vote of 312-119, reauthorizing surface transportation programs through December 18 at $8.1 billion, paid for with seven revenue provisions. 132 Democrats supported the bill but 180 opposed it, most objecting to another temporary HFT re-up. Sen. Cruz is threatening to filibuster the bill in the Senate next …
Senate Banking has the ignominious distinction of being the only Senate committee to have not acted on a single nominee before it in the 114th Congress. There are currently 16 nominations waiting for Committee action. These aren’t small time positions — the logjam includes nominees to the Fed’s Board of Governors and senior Treasury, SEC, FDIC, and Ex-Im posts. For months, Chairman Shelby …
