From TPM:
In a statement just released, Sen. Richard Shelby (R-AL) says that his negotiations with Sen. Chris Dodd (D-CT) have hit an impasse and “will not produce additional results.” He said Dodd assured him that steps will be taken to ensure the end of bailouts — but he deferred the decision of whether to bring the bill to the floor to leadership.
“While these changes are significant and meaningful, they are not sufficient to garner my support for moving this bill to the Senate floor. Now that my negotiations with Chairman Dodd have reached an impasse, I thank my Republican colleagues for their support and defer to their individual judgments on whether the Senate begins a floor debate on this bill.”
Followed by:
Senate Minority Leader Mitch McConnell just released a statement confirming that Republicans will allow financial reform legislation onto the floor:
“Now that those bipartisan negotiations have ended, it is my hope that the majority’s avowed interest in improving this legislation on the Senate floor is genuine and the partisan gamesmanship is over.”
So its McConnell?
LLS
Just called Shelby’s office, Shelby and McConnell do not support the bill, all negotiations have stopped, the bill will not go to the floor because there is no confidence that the Dems will allow any amendments (despite promises) to pass. If you still believe me call Shelby’s office yourself and you’ll hear the same thing.