Blanche Lincoln News
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U.S. House and Senate lawmakers introduced legislation that would allow more swaps trading to be conducted at banks that have federal insurance by repealing part of the Dodd-Frank Act.
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Senate Democratic leaders have a message for their members unsure whether to run for re-election in 2014: Making an early decision will help the party keep control of the chamber.
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Of all the new rules for Wall Street being considered by Congress, few have the potential impact of a derivatives plan that emerged from nowhere and, to the surprise of its authors, has so far survived the debate.
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U.S. Senator Blanche Lincoln of Arkansas overcame the anti-incumbent mood among many voters and won the Democratic nomination for a third term in Washington, according to the Associated Press.
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Voters in 12 states delivered a mixed message as a Democratic senator in Arkansas survived a primary challenge, two former chief executive officers captured Republican nominations in California and a Tea Party activist won a race in Nevada to challenge the leader of the U.S. Senate.
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Tim Pawlenty has got to regret what he calls “the now-infamous ‘snout out of the trough’ line.” Not that he’ll admit it.
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U.S. Representative Barney Frank , who will lead congressional talks to produce a financial-regulation bill, said Senate language that would require commercial banks to wall off their swaps-trading operations “goes too far.”
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Federal Deposit Insurance Corp. Chairman Sheila Bair is opposing a Senate measure that could cut off privileges to banks like Goldman Sachs Group Inc. and JPMorgan Chase & Co. that don’t segregate swaps trading units.
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Arkansas Democrats decide today whether U.S. Senator Blanche Lincoln will stand for re-election or become the year’s fifth congressional incumbent denied re- nomination in a sign of voter discontent.
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Senate Democrats are delaying action on a proposal to force banks including JPMorgan Chase & Co. and Goldman Sachs Group Inc. to wall off swaps trading while the plan’s sponsor deals with a re-election battle, lawmakers said.
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