Today in the Senate, an amendment authored by John Thune (R-SD) aimed at repealing the authority of the U.S. Treasury to continue doling out $320 billion in remaining TARP funds to Wall Street banks and other corporate “fatcats” failed.
It failed because it only picked up 53 votes, seven short of what was needed under Senate rules.
The measure would have been appended to a Senate resolution authorizing a $1.9 trillion increase in the federal debt limit.
Among the 45 Senate Democrats voting against the measure? Louisiana’s Mary Landrieu.