Scott Brown Financial Reform Vote Hold Up

Don’t count on financial reform this week: Politico reports that the House and Senate will send financial-reform legislation back to committee in order to eliminate a $19 billion tax on banks—and, hopefully, earn Senator Scott Brown’s vote by doing so. The Massachusetts Republican voted for the Senate’s original bill, but said earlier on Tuesday that he opposes the new legislation because of the new tax on big banks. Brown demanded instead that, in order to raise the $19 billion, the bill cut federal spending.