UPDATED 10:13 AM PT — Tues. March 13, 2018
The Democrat party continues to split, with a banking reform bill now dividing senators.
So-called ‘moderate’ Democrats are supporting the bipartisan legislation that would ease some of the tough Dodd-Frank banking regulations, giving some breathing room for local banks.
However, those on the far-left, including Senator Elizabeth Warren, are opposed to bill.
Warren called the legislation the “Bank Lobbyist Act,” and claimed the legislation would allow banks to take more risks and reap more profits.
Despite these objections, the Senate is expected to pass the bill.
This comes as Democrat leadership continues to crumble ahead of the midterm elections.