Senate Democrats' bitter infighting reignited by bank failures.

1 min read
Source: POLITICO
Senate Democrats' bitter infighting reignited by bank failures.
Photo: POLITICO
TL;DR Summary

The failure of two banks has reignited tensions among Senate Democrats over bank deregulation. In 2018, 17 Democrats supported a Republican-backed measure to roll back parts of the Dodd-Frank reform bill, which was criticized by Sen. Elizabeth Warren (D-Mass.). The collapse of two banks with roughly $300 billion in total assets over the past week has animated those internal divisions among Democratic senators, who usually pride themselves on policy unity. While some Democrats want to see either repeal of the 2018 legislation or other tougher laws, there is no apparent solution that would get 51 Democratic votes, much less the 60 senators needed to vault a filibuster.

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