No one from any of those companies donated to Boehner for his 2010 reelection campaign, according to the Center for Responsive Politics, a Washington-based research group that tracks political money.
Republican consultant Eddie Mahe said he had no doubt Wall Street has been betting that the House Republican majority would lead the effort to repeal or at least modify the revised financial regulations enacted last year.
Armel Leslie, a spokesman for Paulson & Co., Patrick Clifford, a spokesman for Moore Capital, and Bob Hubbell, a spokesman for New York’s Fitzgerald, all declined to comment on campaign donations.
Boehner and House Republicans last year opposed passage of the revamped rules for the financial industry, which was blamed for triggering the worst economic downturn since the Great Depression.
President Obama signed those new rules - shepherded through Congress by Representative Barney Frank, Democrat of Newton, and then-Senator Christopher Dodd, Democrat of Connecticut - into law a year ago this month. Since taking control of the House, the Republican majority has moved to undo parts of the legislation, although the Democratic Senate has prevented major changes. — BLOOMBERG NEWS
Obama skips fund-raisers to focus on debt limit talks WASHINGTON - President Obama’s reelection campaign has postponed several fund-raisers because of the ongoing talks over raising the debt limit.
Campaign officials say Obama had to cancel plans for fund-raisers in California and Washington state in recent weeks, along with an event at the New York home of film mogul Harvey Weinstein.
Obama skipped two Washington fund-raisers yesterday; one was canceled, and Vice President Joe Biden will attend the other. — ASSOCIATED PRESS
Arkansas Democrat won’t seek reelection to House LITTLE ROCK - Representative Mike Ross, the only Democrat among Arkansas’s four House members, said yesterday he will not seek reelection next year.
