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Next week senator Chris Dodd will unveil his proposal from financial regulatory reform will see -- many pages that is it will not be bipartisan.
Dot says it will still include many Republican ideas but as we've been reporting he has spent months working directly with the Republicans.
Especially senator Bob -- -- But -- at the end deciding to go it alone saying too much time was passing.
Coworker says -- rushing the bill because he wants to get it out before what will likely be bitter debate in the senate over the use of the reconciliation process in the health care bill.
-- -- also comparing the shifting of regulatory powers among agencies to rearranging the deck chairs on the Titanic.
Big story for next week.
Democrats are also gearing up for a final push on health care as we alluded to in fact sources on the House Budget Committee are now saying that on Monday.
That group will start writing up the bill at the full house will consider.
Now the way it works is that after the Budget Committee the bill then heads to the rules committee.
With the legislation and likely to hit the floor by Wednesday at the earliest next week.
Abortion language in the bill still presenting a challenge for House Speaker Nancy Pelosi as she works to get the votes needed to pass this.
Other members are awaiting cost figures from the CBO.
The Congressional Budget Office and as we wait for all that back to Gary Gary -- it integrated wealth management Adam Connors chief -- before.
And instant audit Adam you first on this what's health care.
Good -- look like and and what are we gonna finally -- talking about -- think where the the end of the road here with something ends up getting pastor what.
I got up cigarette together our guests and it's still going to be some drama here I can I can definitely a certain of that I mean.
They're there there's going to be a lot of I'm curious to see you it's you know comes -- -- -- -- its its its interest in I mean the whole thing is -- staying.
I'm just put it -- I actually have the whole thing quite frankly when he carried Lebanese.
Every time married something you know like wait a minute the budget.
And deficit will go up the budget deficit will go down CBO comes in and says that over the next.
Ten years in -- disease tenure crowd estimates nobody else well there are also likely talk about you know this and acting -- 2014.
And I'm like something now why does everything have to be four years into the future and we know why it is won't get there right now but.
It appears that the Democrats are actually started to gain some.
-- -- -- Now I'm gonna I need to use a different -- it was improper for morning evening maybe late night TV but.
They're gonna use reconciliation.
There aren't -- -- reconciliation and push there and -- all you've got the Bennett letter of the Bennett bill which was you know written by Michael Bennet of Colorado.
That basically talks have now on the fix it bill which comes after reconciliation breath from the senate the say.
Thirty for senators now authority signed on and said we want a public option.
They're back soaring -- public option again but now it seems like they've got some hot spot.
Michelle you just gotta be careful and -- well you know try to do something not because of the you know public option yet to be careful astronomy since you -- something like that if you're acting mean.
It any if you try to do that you could derail you you can shoot yourself in the foot system extending get nothing right now because by that point they'll have it for reconciliation -- will be nothing the Republicans can do.
That this is -- playback of what the thing that's interest thing is it's gaining momentum and that's more senators that are coming to sign on to this bill or rough Slattery fuel so I.
It's going to be there its bid interest thing for the run I think the next couple weeks are going to be truly right.
-- change -- tactics he Gary's point are changing kind of outlook for the Democrats in general because what we just talk about financial regulation as well -- it's like.
All right we're gonna hit you you know we've done this we've tried to work on both sides -- -- we're just gonna use the majority such as it is in the rules such as they are to push things through isn't.
But the new way of the world that's really.
Ram it down -- well it's interesting I mean they have to actually I think the mechanics ever release how I understand it.
They have to pass the bill was senate.
Doing a reconciliation.
Been in -- previous form.
And then modify it in the house and so the senate -- the bank on OK the way it's going to be ultimately modified with in the house and then passer I mean.
A lot of it just seems Barry.
And and quite scary I think would be a good term -- use and -- If -- mixed opening makes a real nervous health.
Care at the end of the day -- passage of this bill carries a good or bad thing in different anyway -- How do you see this asked me playing I think you know I guess that's the problem right -- I only wish that these guys would get together and saying.
We're gonna pass this now and we're gonna even if even we look it's massive it takes time to implement I understand that.
But to be able to come -- and say that this is gonna take effect and when he fourteen.
2016 we want to this effect 20/20 I realize the business model really you want -- plan ahead.
But if these guys were running a publicly traded company and they stepped up and said well look you know our earnings -- this but we're planning and 2014 to do this -- -- laughter.
Long term plans that would be nice and some others -- deficit reduction thanks -- which this does how well -- too but really on the margins what's a hundred billion dollars among friends when you have a deficit what it is but -- I wish they would bring back and it's been mentioned and maybe not mention enough this pay go.
Which was killed in all to -- one page as you go pay as you go it's right it's like would you alone Europe bank would you -- in the United States money to buy anything -- Hopefully somebody does like the Chinese like continue to do so I guess how long that's the big question we've just -- of them -- -- at some point that becomes an issue so far.
It hasn't turned into one -- and Gary thank you very much.
For your time.
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