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Snowe Softens On Financial Reform: 'I'm Always Willing To Be The Only Republican'

Olympia-snowe
Newscom

Would such an agreement be possible within the week, to keep within the Democrats' preferred timeframe?

"I think it certainly could be, absolutely," Snowe said. "I'm always willing to be the only Republican if it's the right thing, and it's important to do the right thing on this."

Compare that to her fellow moderate, and Maine colleague Susan Collins who today said she'd like to see negotiations continue for "the next few weeks."

Both Collins and Snowe take issue with a handful of provisions in the Democrats' bill, but they most vocally oppose a proposal to create a $50 billion liquidation fund, raised by assessing a fee on major financial institutions. But the Obama administration sides with the Republicans on that issue.

About The Author

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Brian Beutler is TPM's senior congressional reporter. Since 2009, he's led coverage of health care reform, Wall Street reform, taxes, the GOP budget, the government shutdown fight and the debt limit fight. He can be reached at brian@talkingpointsmemo.com