TPM News

Senate Banking Committee Chair Chris Dodd remains skeptical that Elizabeth Warren can or will be confirmed to truly run the new Consumer Financial Protection Bureau. Yesterday, reacting to news that President Obama would appoint Warren to an advisory role at the CFPB, Dodd urged the White House to send the Senate a confirmable nominee. Possibly even during the so-called lame-duck session after the November elections.

"We still need to have a nominee," Dodd told reporters during a Senate vote. "My hope is they'll send us a nominee sometime in the next few weeks, or even in the lame duck. We'll have hearings and we'll consider who'll actually run the place."

Dodd said he doubts Warren can be confirmed.

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The new SurveyUSA poll of the MN-06 House district shows Republican Congresswoman Michele Bachmann, a reigning star of the Tea Party right in Congress, continuing to lead her Democratic opponent Tarryl Clark by nine points.

The numbers: Bachmann 49%, Clark 40%, plus 6% for Independence Party candidate Bob Anderson and independent Aubrey Immelman at 1%. The survey of likely voters has a ±4.1% margin of error. In the previous SurveyUSA poll from two months ago, Bachmann led Clark, Anderson and Immelman by 48%-39%-6%-1%.

As we've previously noted, Bachmann has attracted nationwide financial support due to her high profile. Indeed, she's even leveraged her stardom to start her own leadership PAC. And at the rate things are going, she appears to be on track to re-election in this Republican year.

When she ran against then-Sen. Joe Biden in 2008, Christine O'Donnell thought the future Vice President was tapping her phone lines, a former campaign manager for the now-Delaware GOP Senate nominee told Politico.

Kristin Murray, who was one of several campaign managers for O'Donnell during that race, said the candidate broached the subject of phone security in June 2008 when they were discussing cell phone plans.

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As the summer progressed and America debated over whether or not we should have an Islamic rec center near Ground Zero, basically turning our country into the plot of Breakin' 2: Electric Boogaloo with Muslims instead of break dancers, one question remained:  when will the director of The Purple Rose of Cairo give us his opinion? Well, worry not, fans of film and religious controversies, because the New York Daily News has gotten the answer! So lets find out what Woody Allen has to say because, really, why is his opinion any less relevant than Sarah Palin's?

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The White House made it official this morning, appointing Elizabeth Warren to serve as an adviser to Treasury Secretary Timothy Geithner to help the administration set up the Consumer Financial Protection Bureau.

In a post on the White House blog, Warren writes, "The President asked me, and I enthusiastically agreed, to serve as an Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau."

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The new Rasmussen poll of the Wisconsin Senate race gives Republican businessman Ron Johnson a seven-point lead over Democratic Sen. Russ Feingold.

The numbers: Johnson 51%, Feingold 44%. The survey of likely voters has a ±4% margin of error. In the previous poll from early August, Johnson had a one-point edge of 47%-46%. The TPM Poll Average gives Johnson a lead of 51.6%-44.8%.

From the pollster's analysis: "The survey was conducted one night after Johnson's primary victory in which he received 85% of the vote in a three-way race. Feingold, who is running for his fourth term in the Senate, ran uncontested in Tuesday's Democratic primary. Future surveys will determine whether Johnson's jump ahead is just a post-primary bounce or reflects a serious change in the race."

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Want to know more about Christine O'Donnell, Delaware's newly-anointed Republican senatorial candidate?


Well, you could comb the internet for videos of O'Donnell appearing on various morning shows--excluding Morning Joe, of course--yesterday. Or you could just plug her name into Google; since the primary, websites (including this one) have been abuzz about O'Donnell, writing about the various controversial statements she's made to the media over the years.


O'Donnell's own website, however, won't be much help.

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A House Democrat is petitioning House Speaker Nancy Pelosi to extend even more tax cuts to wealthy people.

Rep. John Adler (D-NJ) is seeking signatures to a letter to Democratic leadership asking them to extend dividends and capital gains tax rates -- the other Bush tax cuts, passed in 2003 and set to expire at the end of the year.

The text of the draft, obtained by TPM, argues that freezing dividend and capital gains tax rates will benefit seniors, middle class households, and businesses.

"[W]e strongly believe that Congress should extend the current tax rates for dividend and long-term capital gains taxes," Adler writes.

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