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Tags: Senator | Elizabeth Warren | spending bill | liberal | House | cromnibus | anti-Wall Street

'Cromnibus' Fight Furthers Liz Warren's Liberal Hero Status

'Cromnibus' Fight Furthers Liz Warren's Liberal Hero Status
(Chip Somodevilla/Getty Images)

Friday, 12 December 2014 09:53 AM EST

Democratic Sen. Elizabeth Warren of Massachusetts has enhanced her reputation as the champion of liberals after her anti-Wall Street faction nearly derailed the $1.1 trillion spending bill in the House.

The populist senator urged House Democrats to vote against the provision to stop a rider being tacked onto the controversial "cromnibus" bill that would ease regulations on risky trades imposed after the economy's collapse in 2008, according to The Wall Street Journal.

"A vote for this bill is a vote for future taxpayer bailouts of Wall Street," Warren said in a Senate speech. "When the next bailout comes, a lot of people will look back to this vote to see who was responsible.

"We all need to stand and fight this giveaway to the most powerful banks in the country," she added.

Although the revolt by House Democrats fell just short of preventing passage of the funding bill, Warren came out of the showdown with political pundits praising her efforts and calling her the Democrat equivalent of conservative firebrand Sen. Ted Cruz of Texas.

Warren also recently illustrated her position as the leading liberal in Congress when she led the opposition to the White House’s choice of banker Antonio Weiss for a leading post at the Treasury Department, which she claimed could result in Wall Street wielding influence on financial policy, according to the Journal.

Warren will have another chance to block the budget bill in the Senate, although she will have a tough time preventing passage because several Democrats are expected to join forces with Republicans to push it through, according to The Washington Post.

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Politics
Democratic Sen. Elizabeth Warren of Massachusetts has enhanced her reputation as the champion of liberals after her anti-Wall Street faction nearly derailed the $1.1 trillion spending bill in the House.
Senator, Elizabeth Warren, spending bill, liberal, House, cromnibus, anti-Wall Street
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2014-53-12
Friday, 12 December 2014 09:53 AM
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