Tuesday’s hearing of the House Oversight Committee gave Chairman Patrick McHenry (R-N.C.) a chance to vent, and witness Elizabeth Warren, President Obama’s Special Advisor for the Bureau of Consumer Financial Protection (BCFP), a chance to defend, and for the entire hearing to accomplish nothing. The BCFP was the brainchild of Warren, and the centerpiece of the Dodd-Frank Wall Street Reform and Consumer Protection Act which was signed into law last July. Its Orwellian title hides the fact that the new agency will do little to reform Wall Street and nothing at all to protect the consumer.
Senate Majority Leader Harry Reid (D-Nevada) has essentially told his fellow senators he won't allow amendments to the Patriot Act he disagrees with on the Senate floor. The May 25 statement on the Senate floor has resulted in a heated floor exchange and may require the Patriot Act to lapse for a few days before a final Senate vote is possible.
Senator Rand Paul may have temporarily set back efforts by Senate Majority Leader Harry Reid to pass the Patriot Act renewal long enough to allow the law to expire for a day or two before the Senate can take a final vote on the bill.
A Texas bill that would have made Transportation Security Administration (TSA) agents liable for sexual assault when groping passengers without probable cause was pulled from the Senate floor after the Department of Justice sent a letter threatening to create what critics called a “no-fly zone” over the state by preventing flights to or from Texas airports. However, as will be demonstrated in a follow-up report by a colleague, there may well be "life after death" for this bill.
As if the White House did not already have the mainstream media in its back pocket, the Obama administration decided to create a position that ultimately counters any news story regarding the Obama administration that has anything less than a positive spin, adding yet another government job to the payroll.