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FROM THIS EPISODE

Jerry Brown has vetoed the budget passed yesterday by his own Democratic Party without a single Republican. He blamed the Republicans for refusing to bargain and forcing the vote in time to meet yesterday's midnight deadline. But the Democrats are outraged. Now it's up to Democratic Controller John Chiang to decide if the legislators will still get paid, since no budget will go into effect. Will the Republicans come back to the bargaining table? Will the Democrats try again or is the Governor on his own? On our rebroadcast of today's To the Point, whatever happened to finance reform?

Banner image: Senate President pro Tem Darrell Steinberg and Assembly Speaker John Pérez issue a statement on the Governor’s veto. Photo: California Senate Democrats

Producers:
Christian Bordal
Katie Cooper
Andrea Brody

Main Topic Financial Reform: Unwritten Rules for an Empty Road 26 MIN, 1 SEC

When he signed the Dodd-Frank finance reform bill less than a year ago, President Obama said it would protect consumers from the reckless behavior of banks that caused the Great Recession, and then got bailed out with taxpayer money. But implementing the measure has run into serious roadblocks. Today, a House committee held yet another hearing. Are taxpayers and the global economy still vulnerable to banks that are "too big to fail?"

Guests:
Binyamin Appelbaum, New York Times (@BCAppelbaum)
Jake Bernstein, ProPublica
Doug Holtz-Eakin, American Action Forum (@djheakin)
Nomi Prins, Demos

It Takes a Pillage

Nomi Prins

Main Topic Governor Brown Says, 'Thanks, but No Thanks' 27 MIN, 58 SEC

Governor Brown today vetoed the budget passed yesterday by the Democratic majority in Sacramento, issuing an explanation on YouTube. Last year, voters passed Proposition 25, providing that legislators would not get paid if they failed to meet the constitutional budget deadline of midnight last night. For the first time in 25 years, they made it. But what happens now that Brown has cast his veto? State Controller John Chiang, a Democrat, signs the checks.

 

 

 


 

Guests:
John Chiang, California State Controller
Evan Halper, Los Angeles Times (@evanhalper)
Loni Hancock, California State Senator (D-Oakland)
Cameron Smyth, California State Assemblyman (R-Santa Clarita)
Darry Sragow, Democratic political consultant
Tony Quinn, Republican political consultant

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