iOS app Android app More
December 23, 2014

Schumer's Delicate Dance with Wall Street

Last week, I wrote a piece in this space lamenting the fact that so many Democrats had voted for a budget package that gutted a key provision of the Dodd-Frank Act. The so called swaps push-out provision, now repealed, required banks to separate their speculative business in derivatives from depository banking covered by government insurance and further protected by the Federal Reserve. The broader budget deal, technically a continuing resolution to keep the government funded through next September, also cut a lot of needed public spending and added several odious riders, including one that raises the ceiling on individual campaign contributions to party committees about tenfold. Had Democrats resolutely opposed the deal, I argued, it would have revealed Republicans as friends of Wall Street and enemies of Main Street -- a useful party differentiation between now and 2016.

North Korea's Internet Is Back Up After Mass Cyber Attack...

Kim Jung Un
ASSOCIATED PRESS

... But Did North Korea Really Hack Sony?

Joe Cocker Dies At 70

Joe Cocker
ASSOCIATED PRESS

More Entertainment
Nicki Minaj Short Film.. One Direction 'SNL'.. Sean Penn: Invitation To ISIS.. Franco?.. Madonna..

Russia Entering 'Full-Fledged Economic Crisis'

Putin
Konstantin Zavrazhin via Getty Images

More Business
Krugman Slams Putin 'Stupidity'.. Saudi Oil Conspiracy.. Feds Accuse McDonalds.. Musk's Big Reveal

Apple Makes $3 Billion By Selling iPhones With Barebones Storage

Iphone 6
Bloomberg via Getty Images

More Tech
Nuclear Plant HACKED.. Apple's $3B iPhone Scheme.. Gifts For Geeks.. High-Tech Booze Jacket

'We Have To Come Together'

Wenjian Liu New York Protest
Kena Betancur via Getty Images

Pope Delivers Blistering Christmas Message To Vatican Curia

Pope Francis
Franco Origlia via Getty Images

More Religion
Hanukkah Lights.. Serial's Religious Element.. Vatican Nun Report.. Christmas In Baghdad

Student Accused Of Rape In Columbia University Mattress Protest Breaks His Silence

Columbia Mattress
Andrew Burton via Getty Images

Mayor Bill De Blasio Asks To Hold Protests Until After Officers' Funerals

Bill De Blasio
ASSOCIATED PRESS

More Crime
2 NYPD Officers Killed.. Ferguson Witnesses Lied.. Cousin Killed Boy.. Cops Beat Restrained Teen

NYT: Prosecute Cheney Over Torture

Cheney
Getty

More Media
Fox News BLOCKED.. Brokaw Update.. Al Jazeera Threat.. Journalist Sues.. Top Stories Of 2014

Judge OKs Oklahoma's Lethal Injection Protocols After Botched Execution

Oklahoma
AP

ALSO: Arizona To Change Drugs After Botched Execution

The Secret CIA Document That Could Unravel The Case For Torture

John Brennan
JIM WATSON via Getty Images

Senator: White House Needs To Stop Shielding Brennan

Jimmy John's Gets More Heat For Outrageous Noncompete Agreements

This Chinese Town Makes 60 Percent Of The World's Christmas Goods

Factory
gemmalord.com

Senator Gears Up For Abortion Fight With Republicans

Patty Murray
Tom Williams via Getty Images

More Politics
GOP Changes Ahead?.. Judge Skeptical Of Arpaio.. O Library Preview.. Can't Stop Grimm.. Rubio Hit

Inside David Gregory's Fall From The Top

David Gregory Meet The Press
NBC NewsWire via Getty Images

Study Debunks Major Argument In Favor Of Corporate Tax Breaks

Jobs Banner Chamber Of Commerce
NICHOLAS KAMM via Getty Images

NYPD Union Has Attacked Every Mayor In Recent History

Lynch Nypd
ASSOCIATED PRESS

Rolling Stone Asks Top Journalism School To Review UVA Rape Story

Jann Wenner
ASSOCIATED PRESS

UN Puts Human Rights Abuses In North Korea On The Agenda

Kim Jong Un
KNS/AFP/Getty Images

Peter King: Obama Can Start Fixing Race Relations By 'Giving Praise To The Police'

Pete King
Fox News

Ousted American Apparel CEO Dov Charney Is Reportedly Down To His Last $100,000

Dov Charney
Johannes Kroemer via Getty Images

Congressman Invites Sony To Show 'The Interview' At The Capitol

The Interview Movie
Getty

Sony: It's Going To Get Distributed... Somehow

The Benefits Of Biking To School Go Beyond Better Fitness

Bike Train
Josh Miller

Former Milwaukee Officer Won't Face Criminal Charges In Fatal Shooting Of Black Man

Christopher Manney
ASSOCIATED PRESS

Tunisia Has A Democracy, If They Can Keep It

Essebsi
FETHI BELAID via Getty Images

Mitch McConnell Opposes Obama On Cuba

Mitch Mcconnell
ASSOCIATED PRESS

Judge Seems Skeptical Of Joe Arpaio's Immigration Lawsuit

Joe Arpaio Immigration Lawsuit
ASSOCIATED PRESS

A Felony Plea Can't Keep Michael Grimm Out Of Congress

Michael Grimm
ASSOCIATED PRESS

Why Gwyneth Paltrow Couldn't Get A Job At Yahoo

Gwyneth Paltrow
AOL

Turkey's President Says Birth Control Is A Form Of Treason

Erdogan
ASSOCIATED PRESS

'Reborn' Space Telescope Makes Major Discovery

Kepler K2
NASA Ames/JPL-Caltech/T Pyle

Cuba Tourism May Be About To Explode

154073406
Walter Bibikow via Getty Images

2016 Senate Race Is Already Shaping Up To Be Tougher For Republicans

Mitch Mcconnell
Alex Wong via Getty Images

FOLLOW HUFFPOST

    1. HuffPost
    1. HuffPost
    1. HuffPost
    2. View all RSS feeds

The Secret Language Of Flight Attendants Revealed

85638532
Jupiterimages via Getty Images

More Travel
Disneyland.. 2015's Hot Spots.. Butterfly Valley.. ♥ St. Barths ♥.. Infamous Ice Hotel.. Travel Gift Guide

Reza Aslan And Theological Scholar Spar Over History Of Jesus

Reza Aslan
USA Network via Getty Images

More HuffPost Live
Juggling A Stress Reliever?!.. Best TV Of 2014.. Russia's Currency Crisis.. Ebola In Sierra Leone

Do Not Watch These Movies With Your Family Over Christmas Break

Family On Couch
Jonatan Fernstrom via Getty Images

This Monkey Is A Hero

Monkey
YouTube: Amazing Videos

More Weird
Mystery Creature Washes Up.. Florida Man.. Truth About Furries.. Turkey Inhalation.. XXXMas Sweaters

The Day We Were Told Not To Have More Children

Heather Lens
Heather Lens

More Parents
Funniest Tweets.. Mess Of Parenting.. Top Baby Names.. All My Son Wants Is Christmas.. Must-See Elf

Massive NFL Brawl Breaks Out

Rams Giants
ASSOCIATED PRESS

More Sports
Tom Brady Trouble.. Shipwreck.. Football Age.. 5-Year-Old Hero.. Legend Retires.. Romo MVP?

The One Simple Habit That Transformed My Marriage

Happy Middle Aged Couple
Abel Mitja Varela via Getty Images

More Fifty
Celebs Turning 50 In 2015.. Best U.S. Cities For Growing Old.. Elton John Wedding.. 8 Worst Holiday Foods

I Spent A Week As A '50s Housewife

50s Housewife
AMC

More Women
Holiday Survival.. To The Fit Woman.. Lose A Guy In 10 Days?.. 28 Best Pieces Of 2014.. Manspreading

The Laziest Cities In America

Newark
Walter Bibikow via Getty Images

Seal Pup Crawls Onto Woman's Lap For A Nap

Seal Pup Photobomb
Roy Mangersnes / Rex USA

More Green
'Great Extinction'.. Warm Alaska.. Electric Car Problem.. Penguin Chick.. Heat Record.. Pet Tattoos.. UN

Google Hangouts Has Some Fun Easter Eggs

Google Hangouts Smileys
Google

More Tech
Nuclear Plant HACKED.. Apple's $3B iPhone Scheme.. Gifts For Geeks.. High-Tech Booze Jacket

Kourtney Kardashian Gave Her Child An Interesting Name...

Kourtney
Scott Roth/Invision/AP

'Game Of Thrones' Reveals First Official Footage Of Season 5 Cast

Game Of Thrones Set
ASSOCIATED PRESS

'Homeland'.. Best TV Lines.. O.J. Simpson Miniseries.. Real Olivia Pope.. NPH On 'AHS'.. 'Better Call Saul'

Supersensitive Space Telescope Snaps Stunning X-Ray Portrait Of The Sun

Nustar Sun
NASA/JPL-Caltech/GSFC

More Science
Stonehenge Discovery.. What Cows' Moos Mean.. Fight The Flu With Hugs.. 'Million Mummies' Disputed

There's A Secret House Inside Of This Boulder

Outside
Bureau A

Q-Tip Gives Iggy Azalea A Hip Hop History Lesson...

Q Tip Ti Azealia Banks Iggy Azalea
Getty

... T.I. And Azealia Banks Weigh In

The Very Best Wedding Photobombs Of 2014

Best Wedding Photobombs
an Christmann/Catalyst Photography

More Weddings
What Happy Couples Do.. Fun Wedding Ideas.. How Married People Text.. Lasting Marriage.. Etsy

All The Major Moments You May Have Missed From 2014

Fashion News 2014
Getty

More Style
Reese's Fav Store.. The Worst Outfits Of 2014.. NYC's Holiday Windows.. The Best Gifts Ever

The Best 14 Outfits From 2014

Best
Getty Images

'Pee-Wee's Playhouse' Is Now On Netflix

Peewees Playhouse
Charles Eshelman via Getty Images

More TV
'Hannibal'.. Best TV Lines.. O.J. Simpson Miniseries.. Real Olivia Pope.. NPH On 'AHS'.. 'GoT' Reveal

National Geographic Photos Show Stories Of Hunger And Hope

Nat Geo Yourshot
Christina Sussman / National Geographic Your Shot

'Homeland' Season 4 Finale Leaves Viewers With A Cliffhanger

Saul
Showtime

WTF Is Umami, Anyway?

Steak
Mike Lang via Getty Images

104-Year-Old Shares The Secret To Living Longer

Old Person Hands
Alexey Klementiev via Getty Images

6 Of The Best Butt Exercises You're Probably Not Doing

Sarah Klein
Damon Dahlen/Huffington Post

More Healthy Living
Eating Habits To Drop.. Stretch For Sleep.. Exercises For Skiing.. Friendship.. Top 10 U.S. Gyms

5 Things You Didn't Know About Winter

Winter
Mitchell Funk via Getty Images

Paula Deen's Christmas Video Is Absolutely Absurd

Paula Deen Christmas Video
YouTube/Paula Deen

More Taste
Vegan Christmas.. Prime Rib Roasts.. Cooking Bison.. Make-Ahead Breakfast.. Christmas Drinks

WATCH: Dr. Phil's Advice For Teen Girls Dating Older Guys

Drphil 13001video
Dr. Phil

More Dr. Phil
Bill Cosby Sex Scandal.. Coping With Holiday Stress.. Different Types Of Hunger.. Xmas Wish Granted

AWWW: Naughty Dog Sentences Herself To A Kennel Timeout

Guilty
Chelsea Agley/YouTube

More Good News
Boy Collects Coats For Homeless.. Cops Save Christmas.. Polite Pets.. 3D Printing Helps Dog

Rachel McAdams Doesn't Look Like This Anymore

454059796
NBC NewsWire via Getty Images

More Celebrity
Kris Jenner's Style.. OHHH, James.. Jen's LBD.. Bey And Jay.. No More BEEF.. Bell's New Baby

'I Can't Talk About It Without Crying'

Angelina Jolie
John Shearer/Invision/AP