Acrimony on Capitol Hill Over Pension Reform

Thanks to a reader for alerting me to what went on today on Capitol Hill regarding the debate over the Portman-Cardin bill (HR 1776). Several news sources are reporting that the Capitol Hill police were called Friday morning to a…

Thanks to a reader for alerting me to what went on today on Capitol Hill regarding the debate over the Portman-Cardin bill (HR 1776). Several news sources are reporting that the Capitol Hill police were called Friday morning to a Ways and Means Committee markup after Democrats stormed out and locked themselves in a nearby library room to protest the GOP’s handling of the bill. You can read about it in this article from the Wall Street Journal: “House Committee Passes $50 Billion Pension Bill.” Also, Reuters via Yahoo! News reports–“House Panel OKs Pension Fix Amid Acrimony“–and the Dow Jones Newswire also via Yahoo! News reports–“US House Panel OKs Pension Formula Fix, 401(k) Boost.”

UPDATE: Another article regarding the day’s events via the Washington Post: “House Democrats Storm Out of Ways and Means Committee Chairman Calls Capitol Police to Restore Order.”

FURTHER UPDATE: This statement from Treasury Secretary Snow on action taken by the House Committee on Ways and Means.

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