Reid Concedes Bill Might Not Be Finished This Week

Posted May 11, 2010 at 3:10pm

Senate Majority Leader Harry Reid insisted Tuesday that he hopes to pass financial regulatory reform by the end of the week but left open the possibility that the deadline could slip.

“I hope we can pass this bill that we’re on today quickly,” the Nevada Democrat told reporters. “I’d like to do it this week. I understand that’s hard to do, but we’re going to try to do it.”

Earlier Tuesday, Senate Banking Chairman Chris Dodd (D-Conn.) told reporters that he was “losing a little faith with Republicans” on financial reform, suggesting they were slow-walking the issue.

Reid also told reporters that he plans to meet with committee chairmen after the Memorial Day break to discuss energy reform.

Sens. John Kerry (D-Mass.) and Joe Lieberman (ID-Conn.) will introduce Wednesday the climate change legislation that they had previously crafted with Sen. Lindsey Graham (R-S.C.), who recently left the bipartisan talks in protest of what he argued was a rushed and politically charged movement to pass immigration reform.

“What I intend to do after that is let this bill be seen by everyone that is interested in the subject, and I think the week that we get back after the Memorial Day recess … I’ll get all the chairmen together and take a look at what we need to do with energy for this year,” Reid said.

Reid pointed criticism at Republicans for cutting off progress on immigration, maintaining “they’re the ones stopping us from doing anything in Washington today, as they did the last Congress.” He also urged Attorney General Eric Holder to give Senators information on how he wants to modify the Miranda doctrine in the wake of the thwarted terrorist attempt in New York City last weekend.

“If the attorney general of the country wants to suggest that the Miranda doctrine [needs] to be changed a little bit or a lot, whatever he feels, I think it’s something we need to take a look at,” he said.