FROM Ed Mierzwinski
Political Gridlock and the Fight over the Consumer Watchdog Agency Political gridlock is pushing Washington closer to financial catastrophe if the two parties can't agree to raise the debt ceiling by August 2. Now there's potential gridlock over implementing last year's finance reform , passed by the Democrats when they controlled both houses. This year, Republicans are hell-bent to change it. Harvard Professor Elizabeth Warren is out as head of the new Consumer Financial Protection Bureau , so President Obama has nominated Ohio's Attorney to run the new agency. But Richard Cordray has to be confirmed by the Senate, and the GOP says he, too, is " dead on arrival ." They're demanding that a board, instead of a single director, run the new agency and that funding come from Congress rather than the Federal Reserve.
Political Gridlock and the Fight over the Consumer Watchdog Agency The debt ceiling and deficit aren't the only issues subject to partisan gridlock in Congress. Last year, with majorities in both houses of Congress, Democrats passed finance reform . This year, Republicans are hell-bent to change it. One controversial element is the new Consumer Financial Protection Bureau , which was given more power than Republicans wanted. President Obama has nominated Ohio's former Attorney General to run it. But the consumer advocate has to be confirmed by the Senate, and Republican Jerry Moran of Kansas, says Richard Cordray is " dead on arriva l." It's another example of political polarization in Washington: major bills might pass on party-line votes, but then lack the support required for implementation. Is divided government creating an atmosphere of perpetual gridlock? Is that making Washington unable to govern at all?
Will the Senate write a healthcare bill in secret? While Democrats and Republicans argue White House relations with Russia, another question is being decided behind closed doors: who gets help buying health insurance and who doesn't? We hear how the pros and cons are being shrouded in secrecy.
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?