Republicans back down
For the first time in recent history, it appears that the Democrats have won a battle with the Republicans. Wow! (More later. I’m off to the OR.) From TPM: Senate Republicans announced this afternoon that they will allow financial reform legislation onto the chamber floor for a debate after bipartisan talks hit an impasse. Sen. Richard Shelby (R-AL), ranking member of the Senate Banking Committee who has been in bipartisan negotiations with chairman Chris Dodd, released a statement announcing talks could go no further. “We have been unable, however, to make any meaningful progress on other important components of the legislation. It