ThinkFast: November 8, 2010 » ~ By Think Progress at 9:00 am
Senate Minority Leader Mitch McConnell said yesterday that banning earmarks is more complicated than it appears, but he said he would be willing to consider it. While Sen. Jim DeMint (R-SC) wants to ban all earmarks, McConnell said it would not be a realistic way to seriously cut federal spending.
President Obama's commission into the Gulf oil spill will reveal its findings today, potentially assigning blame for the disaster and settling finger-pointing disputes among the large corporations involved. Representatives from Halliburton, Transocean, and BP will be on hand to answer the allegations and respond to questions.
Republicans made it clear yesterday they will not compromise on a temporary extension of the Bush tax cuts. Appearing on Fox News Sunday, Rep. Eric Cantor (R-VA) said he is not in favor of the White House approach to compromise: decoupling the rates for the top 2 percent and allowing them to expire early. Senate Minority Leader Mitch McConnell (R-KY) also echoed those remarks.
Rep. Melissa Bean (D-IL), who is losing by a very slim margin to her Republican challenger Joe Walsh, is being floated as a possible candidate to lead the Consumer Financial Protection Bureau. Her potential nomination is not sitting well with progressives who worry she is far too close to the banking industry. Said one administration official: “It's not clear she would be acceptable to the reformers.â€