From TPM LiveWire:

Sen. Chuck Schumer (D-NY) threw down the gauntlet on the public option for Senate Majority Leader Harry Reid (D-NV) last night. Appearing on The Rachel Maddow Show, Schumer essentially put the fate of the public option in Reid's hands -- saying that while the bill passed Tuesday by the Senate Finance Committee doesn't include a public health insurance option, it's up to Reid to decide whether to include a public option in the bill that merges the Senate Finance Committee bill with the bills passed by others committees -- all of which do include a public option.

Read more »

This week on Bill Moyers Journal Marcy Kaptur (D-OH), who is on the House Budget and Oversight, Appropriations, and Government Reform Committees, and Simon Johnson, a former Chief Economist of the IMF were  on to talk about the lack of progress on Banking Reform, and what that means for us.  It is a must-see interview; they are both sounding the alarms for the dire need for true reform, not the "nibbling around the edges" that is being considered currently.  Johnson said that the window of opportunity for re-regulation may have already closed.

Read more »