Newly-Ascendant G.O.P. Flexes Its Muscles (Or Not)


Rumors of Dodd-Frank’s demise are, as they say...

Republicans were six votes short of the two-thirds support needed to advance the legislation, which included a controversial delay to a provision stemming from the 2010 Dodd-Frank requirement that banks sell stakes in certain complex securities….

Republicans may have to rework the bill to make it palatable to Democrats and the White House, which said it was pleased the bill failed and that President Obama would have vetoed it had it crossed his desk.

House Republicans Push to Roll Back Wall Street Regulations Fails [WSJ]