Senator Ron Wyden, an Oregon Democrat, said in an interview with Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that one his priorities as the new chairman of the Senate Finance Committee will be renew about 50 U.S. tax credits and deductions that expired as last year ended.
Judd Gregg, the former U.S. senator who has been an adviser to Goldman Sachs Group Inc., was named chief executive officer of the Securities Industry and Financial Markets Association, Wall Street’s largest lobby group.
The financial overhaul legislation, which has drawn the opposition of all 41 Republican senators, may still attract bipartisan support, said Senator Judd Gregg, a New Hampshire Republican and member of the Banking Committee.
Wall Street’s biggest lobbying groups banded together to sue the Commodity Futures Trading Commission, seeking to curb the overseas reach of its rules and rein in a regulatory barrage by its departing Chairman Gary Gensler.
If Scott Brown decides to run for the U.S. Senate from New Hampshire, he’ll have to get past the National Rifle Association before he can challenge Democratic incumbent Senator Jeanne Shaheen next November.
Senate Finance Chairman Max Baucus’s departure from Congress could doom his career goal to make the biggest changes to the U.S. tax code since 1986, with the project probably going to Oregon Democrat Ron Wyden.