“At last, we have a deal…In effect, this is a wartime level of investment into our nation.”

That’s Senate Majority Leader Mitch McConnell sometime after 1am this morning announcing that there is now a bill that can be signed into law, after a marathon negotiation that went days and days. Treasury keeps the half-billon-dollar “slush fund” but Dems managed to secure oversight via 5-person panel and an Inspector General. The Fed is also getting an expanded war chest for corporate bailouts There are expanded u...

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