TLP: Does Congress Get 'Injury Time'?
Let the metaphors begin ...
The most sweeping changes to U.S. financial laws since the Great Depression may be a top Obama administration priority, but they took a backseat to Landon Donovan’s World Cup heroics Wednesday.I guess we'll see how inspirational the win turns out to be.
Top congressional Democrats huddling on Capitol Hill Wednesday to pin down the last details of the financial overhaul legislation paused to watch the closing moments of the U.S. soccer team’s match against Algeria. Meeting attendees, including Senate Majority Leader Harry Reid of Nevada and House Speaker Nancy Pelosi of California, were rewarded for delaying the high-stakes negotiations on Wall Street reforms after Donovan buried a rebound into the back of Algeria’s net in the first minute of injury time.
Victory for the U.S in hand, negotiators quickly turned back to a less vuvuzela-worthy topic: derivatives.