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Topic - Richard Durbin
Sen. Richard Durbin, Illinois Democrat, said Thursday that Majority Leader Eric Cantor's primary defeat was not because of his stance on immigration reform.
Lawmakers pointed to the National Security Agency contractor who leaked top secret information about NSA's telecommunications surveillance program as a consequence of a bloated, expensive contracting workforce.
As the House and Senate conference commit- tee members negoti- ate differences in their versions of financial regulatory reform, one controversial provision is the late night amendment added by Democratic Sen. Richard Durbin of Illinois, which imposes price controls on debit card interchange fees. Under his amendment, the Federal Reserve would be required to set allowable charges of interchange at a rate "reasonable and proportional" to the incremental cost of processing the transaction.
Capitol Hill Democrats seeking to use Mattel's recent embarrassments as an excuse for increased government regulation run the risk of clogging free trade and seriously damaging U.S.-China economic relations.
At first the liberal Democrats were coy about reports they wanted to impose government control on talk radio. When it was reported New York's Sen. Hillary Rodham Clinton had discussed the matter with California's Sen. Barbara Boxer, both denied it. That is characteristic. They lied to the public.
As the House and Senate conference commit- tee members negoti- ate differences in their versions of financial regulatory reform, one controversial provision is the late night amendment added by Democratic Sen. Richard Durbin of Illinois, which imposes price controls on debit card interchange fees.