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Congress gives bankers a sweet deal in funding bill, with more to come
Congress gives bankers a sweet deal in funding bill, with more to come

The omnibus funding bill that the lame-duck Congress passed in the darkness of Saturday night sheds light on what we can expect from the Republican-dominated Congress that will take over in January. Here’s a hint: The bankers are smiling. In addition to providing money that will keep the government running until September, the bill included some extras that have nothing to do with the federal budget. Among these is a sweet deal for banks actually written by Citigroup lobbyists and tacked on to the omnibus legislation. It repeals a section of the 2010 Dodd-Frank financial reform law passed in the wake of the near collapse of the American economy.  The repeal will allow...

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