Wall Street bank lobbyists are seeking moderate Democratic allies in Congress to deprive Elizabeth Warren of votes and curb policies they consider hostile to their interests, according to more than a dozen lobbyists, consultants and campaign data. A leading Democratic 2020 presidential hopeful and fiery
WASHINGTON - Wall Street bank lobbyists are seeking moderate Democratic allies in Congress to deprive Elizabeth Warren of votes and curb policies they consider hostile to their interests, according to more than a dozen lobbyists, consultants and campaign data.
"While a hostile White House could pose challenges, the banking industry is working to mitigate those challenges by using its considerable clout in Congress," said Cam Fine, chief executive of advocacy consultancy Calvert Advisors and a longtime bank lobbyist. Lobbyists believe they can rely on Congressional Republicans to oppose Warren's agenda, but they need to sway moderate Democrats to block any drastic legislation, especially in the Senate where most bills require 60% of the vote to pass.
Some Democrats, including Peters, have received more cash from banks this cycle than leading Republicans like Senate Majority Leader Mitch McConnell, according to data from the Center for Responsive Politics. Lobbyists are also courting lawmakers on the U.S. House of Representatives' finance panel, such as Ohio's Joyce Beatty, and those from districts with a significant financial footprint, including New York's Gregory Meeks, Georgia's David Scott and Connecticut's Jim Himes.
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