The crisis loams, the doors close shut, people dependent on government paychecks whirl like dervishes in panic wondering how they will pay for food and shelter. An hour before the clock strikes twelve, when all turn into pumpkins, a deal is struck to not shut down the government.
A deal has been reached between U.S. President Barack Obama and congressional leaders on a budget plan for the rest of this fiscal year that would avert a government shutdown, a spokesman for Senate Majority Leader Harry Reid said on Friday.
What was thrown to the lobbyists to make it at the last hour? It appears part of the agenda to destroy the Consumer Financial Protection Agency, now known as the Consumer Financial Bureau, was added as a rider to the 2011 budget.
Trust a financial sector lobbyist to bring both sides together. We all know the banks don't want any agency whatsoever trying to enact consumer protections.
Just today Elizabeth Warren said the Republican agenda against the Consumer Financial Bureau was all about benefiting the banks:
Republican lawmakers are doing Wall Street’s bidding by trying to restructure the Consumer Financial Protection Bureau’s funding and leadership, Obama administration adviser Elizabeth Warren said today.
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