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Why Congress Won't Act on 'Too Big to Fail'
National Journal: In a rare moment of bipartisan consensus, the Senate on Friday voted 99-0 in favor of an amendment that would end federal subsidies for the nation’s biggest banks. The amendment, introduced by Democratic Sen. Sherrod Brown of Ohio and Republican Sen. David Vitter of Louisiana, was one of hundreds that formed the vote-a-rama on the Senate Democrats’ budget that stretched into the wee hours of Saturday morning. The actual budget, in contrast to the too-big-to-fail amendment, passed with not a vote to spare, 50-49.
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