US Senate Democrats Reach Tentative Deal On Derivatives

By Victoria McGrane Dow Jones Newswires via 4/25/2010

Key Senate Democrats have reached a tentative deal on sweeping new rules for the derivatives market that is expected to force major Wall Street banks to spin off their swaps desks, according to two Democratic officials.

The framework deal between Senate Banking Chairman Christopher Dodd and […]

Dodd introduces constitutional amendment to reverse SCOTUS on campaign spending

Eric Zimmermann The Hill 2/25/2010

Sen. Chris Dodd (D-Conn.) introduced a constitutional amendment today to overrule a recent Supreme Court decision on campaign spending.

The court ruled 5-4 last month in Citizens United v. FEC that Congress cannot regulate independent expenditures by corporations and possibly labor unions. The ruling could dramatically increase third party spending […]