Mr. President, tonight we had a vote in which 57 Members of this body said we should proceed to have a fully public debate and votes on issues related to Wall Street and Main Street; 57, far more than a majority, said it is time for us to come to this floor, now well more than a year after our bubbled economy burst, and wrestle with the right rules of the road and lane markers for our financial system. But, unfortunately, 57 votes are not enough. We need additional votes from our colleagues across the aisle in order to have that debate on this floor. We need additional votes from our colleagues across the aisle to consider what the lane markers should be and what the traffic signals should be in our financial regulatory system. Tonight we did not get those votes. Instead, tonight my colleagues across the aisle said they do not want a debate in public on how to reform Wall Street. They want a conversation behind closed doors instead. Quite frankly, I don't think the American people agree with them. There are many parts of this story, but it is a story that can be told in millions, billions, and trillions. The millions are the size of the Wall Street bonuses. A single bonus can equal what a working family can expect to earn in an entire career. Then we have the billions, the billions of dollars of quarterly profits of many Wall Street firms. Then we have the trillions. That is the trillions of dollars of damages to working families in America.…
Share & report
More from Jeff Merkley
Mr. President, I ask unanimous consent to grant floor privileges to my interns for their shadow days on the following dates: Olivia Sumerfield for February 4, 2025; Kira Shertz for February 6, 2025; Eleanor White for February 12, 2025; Ji…
Mr. President, I ask unanimous consent for my intern Ellie White to have privileges of the floor. The PRESIDING OFFICER. Without objection, it is so ordered. ____________________
Madam President, I call up my amendment No. 1758 and ask that it be reported by number. The PRESIDING OFFICER. The clerk will report the amendment by number. The legislative clerk read as follows: The Senator from Oregon [Mr. Merkley]…
Mr. President and colleagues, back in 1974, the Senate and the House were very agitated over the increases in the national annual deficit that was adding considerably to the national debt. They said we needed to do something about this…





