Senate Democrats

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Day July 16, 2008

Senate Roll Call Vote #00178

On the Amendment S.Amdt. 5083: Cornyn S.Amdt.5083; To establish a bipartisan commission for the purpose of improving oversight and eliminating wasteful government spending under the President’s Emergency Plan for AIDS Relief.Result: Rejected (32-63, 5 members not voting, 1/2 threshold)Details: [click here]

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Reid: Ending Excessive Speculation Is One Step Toward Lowering Record-High Gas Prices

Washington, DC—Senate Majority Leader Harry Reid made the following statement today on the floor of the U.S. Senate regarding the Stop Energy Speculation Act “With gas prices setting new record highs every day, now $4.12 nationwide, we all know there is neither one cause to blame our energy crisis, nor one silver bullet that will…

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Reid Statement On Bill To Curb Excessive Oil Speculation

Washington, DC—Senate Majority Leader Harry Reid made the following statement today in introducing the Stop Excessive Energy Speculation Act: “Right now, Wall Street traders are raising gas prices with nothing more than the click of a mouse.  Without regard for anything but their own profits, traders are bidding up prices by buying huge quantities of…

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Reid: As Consumer Prices Skyrocket And Earning Potential Plummets, President Clings To Claims That Economy Is Strong

Washington, DC—Senate Majority Leader Harry Reid made the following statement today in response to the Labor Department’s report that consumer prices jumped 1.1 percent in June – the fastest increase in 26 years.  The report comes a day after President Bush said the U.S. economy is fundamentally strong: “Today’s news that consumer prices jumped faster…

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S. 3268, the Stop Excessive Energy Speculation Act of 2008

Summary and Background On July 15, 2008, Senators Reid, Durbin, Schumer, Dorgan,and Murray introduced S.3268, the Stop Excessive Energy Speculation Act of 2008. This legislation, developed after consultation with consumer advocates, oil market analysts, and experts from the financial and airline industries, seeks to reduce the amount of excessive speculation in the oil markets. Specifically,…

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Reid Statement On Senate Passage Of Global Aids Bill

Washington, DC—Senate Majority Leader Harry Reid made the following statement today after the U.S. Senate passed the Tom Lantos and Henry J. Hyde United States Global Leadership Against HIV/AIDS, Tuberculosis, and Malaria Reauthorization Act of 2008: “I am pleased that we were able to pass the global HIV/AIDS bill with a strong bipartisan vote.  I…

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Experts Identify Excessive Speculation in the Oil Markets as Factor in Soaring Gas Prices

Questions about financial dealings in energy derivatives have increased since the collapse of Enron, the large hedge fund Amaranth, and the explosion of investments in the commodity markets (from $13 billion to $260 billion since 2003). Over the last several months, Democrats in Congress have raised concerns about whether the Bush Administration has a firm…

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Senate Floor Schedule For Wednesday, July 16, 2008

Morning Business for up to 1 hour. Majority controls the first 30 minutes and the Republicans control the second 30 minutes. (10 minute limitations) Following morning business, the Senate will resume consideration of S.2731, Global AIDS. 7:06 PM The Senate is in a period of morning business. 8:30pm The Senate stands adjourned until 10:00am Thursday.

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