(Thumbnail Image: Flickr/occupantproductions)


"So is this the next big showdown in Washington?" (Fox News)


"The fight over health care really got ugly but it may be nothing compared to the next big battle." (Fox News)


"Wall Street is the next big battleground folks." (MSNBC)


"Deja vu all over again." (MSNBC)

 

Is it really deja vu on Capitol Hill? The media is preparing to cover financial reform with the same intensity and scrutiny as health care reform, but will the new bill really face the same amount of debate and time within Congress?

 

Fox News seems to think so.

 

"The White House definitely wants it to be the next big showdown here. ...The White House disagrees and believes it has not only the policy, but the political upper-hand right now."  

 

And according to Huffington Post, Republicans like Senate Minority Leader Mitch McConnell also want to make financial reform a battleground if only to do everything in their power to prevent the bill's passage.

 

"...We must not pass the financial reform bill that's about to hit the floor. The fact is this bill wouldn't solve the problems that led to the financial crisis."

 

Financial Times says reform progress was being made but that a recently refueled Republican initiative:

 

"...threatens months of efforts to forge a bipartisan consensus in Congress on how to proceed with key reforms of the financial markets in the wake of the crisis."

 

But The New York Times thinks agreement between Democrats and Republicans might not be a huge undertaking and a brutal Capitol Hill battle might be avoided.

 

"Both sides are actually in closer agreement on the basic approach than the heated rhetoric might suggest. Sen. Mitch McConnell, the minority leader, seemed to acknowledge that fact on Thursday when...he conceded that flaws in the bill 'can and should be corrected.'"

 

What do you think? Will we still be talking about financial reform for months to come or will politicians be able to come to compromise quickly?

 

Writer: Amanda Klohmann

Producer: Newsy Staff

U.S. News

Wall Street Reform: Another Bruising Battle?

April 16, 2010
(1:45)
The media is preparing to cover financial reform with the same intensity and scrutiny as health care reform, but will the new bill really face the same amount of debate and time within Congress?
   
TRANSCRIPT

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