Youre used to seeing the republicans like this. Washington is about lobby, not parties so much. There are a bunch of provisions in that bill that i really do not like. We are moving backwards on wall street reform. Wall street has dominated the white house. This is really congress at its absolute worst. There are deep divisions. Had i been able to draft my own legislation and get it passed without any republican votes, i suspect it would be slightly different. The 113th congress is wrapping up its lame duck session with a trillion dollar spending package that is nearly in the bag. The senate is in session and majority leader for a little longer, senator harry reid, says he hopes for a vote on the deal today. In a nailbiter late last night the socalled bill passed the house narrowly averting a Government Shutdown. That was driven in large part by senator Elizabeth Warren who made no secret for her distaste for the deal. When the next bailout comes, a lot of people will look back to this vote to see who was responsible for putting the Government Back on the hook to bail out wall street. That argument gained traction in the house where nancy pelosi made a public break with the white house and its support for the bill, forcing president obama to reportedly leave Christmas Tree photo ops to whip votes when his minority leader would not. In her holiday message this afternoon pelosi said i appreciate members leaving in doubt the number of democrats prepared to vote for final passage, enabling us to maintain leverage in the last days negotiations. However members voted a unity of purpose and clarity of message came from our House Democratic caucus. With this passage, the bill put a bow on the work for the Lower Chamber and send house members home for the holidays but it is not eggnog and muscistletoe jus yet. It is up to harry reid to get his party to push it across the finish line. Minutes ago he reminded democrats the clock is ticking. Legislation is a compromise. Thats what this legislation is. There isnt a lot of time. Government funding runs out on 12 00 midnight saturday. So will progressive democrats get on board . We know where Elizabeth Warren is. Will conservative republicans get on board . Congress should stand up and use the power of the purse. We will not allocate taxpayer dollars to lawless and illeg illegal or will Elizabeth Warren join ted cruz forming the oddest coalition of all time . Stay tuned. Joining me is former governor of vermont and former chair of the dnc, howard dean, Washington Bureau chief for buzzfeed news, john stanton and washington bur rechief for time magazine, john sharer. Does this portend of something more to come . It may. Heres the deal. Im not sure this is partisan. I do expect some members of the tea party on the right to vote no on this thing. Theres two kinds of compromises. One is one you dont like and one is truly dangerous. Theres some Campaign Finance stuff in here i dont like but id support it in order to keep the government running. This is dangerous to measure, this banking stuff. We just went through a horrible recession based on the fact that a lot of people in the Banking Sector were basically playing gambling casino on wall street. And with derivatives but collateralized mortgage obligations, with interest credit default swaps. This is a bad thing. This doesnt create jobs. And its bad for the country. We will in fact have to bail out the banks again because the banks are too big to fail. So you either have to break up the banks or limit their ability to do damage to the economy. So this is a really big deal. I think youll see some republicans vote no on this in the senate. I think theres a reasonable chance its going to go down and i do not think theres anybody in the Republican Party who wants to stand up and make a big issue of this. If it does come back, i think theyll all come back and support it and the government will not close. This is the season of never say never, governor, but you think theres a strong chance this doesnt pass the senate . I dont think its a strong chance but i think there is a chance. Do you want to be running for president in 2016 in either party and stand up and defend this and defend to give the banks what they need and put the countrys credit at risk as we did in 2008, which led to the unemployment of millions of americans . I dont think theres anybody in either party that wants to be on board with this amendment. Michael, the governor outlines what i think is a pretty big difference in principle over regulation and consumer protection. The white house today said fundamentally the schism that we saw was not one over principal but a difference over tactics. How truthful does that ring to you . Well, there were also tactics here. What the white house was looking at is what would happen if they werent able to get an omnibusf through september and next spring they would have to get something include to continue keeping the government open with a far more Republican House and senate. And for the white house, the tradeoff, the tactic was to take the lump now rather than in march. But i think the issues at play here, both on the Campaign Finance front and on the banking regulation front are very much issues of principle. And incredibly ironic, given that we have just come through an election in which harry reid and all the democrats and many of the republicans were out there campaigning against special interests, out there campaigning against big money in politics and here we are with the election barely a month and a half away, the first thing they do is sneak these things into a bill with very little public debate and get them passed. John, do we know who put who basically gutted mccainfeingold this week . Nobody will fess up and say this was our idea. Yeah, i dont think anybody wants to be out there like this was my idea, this is a great thing to go do. Well, just not in defense of this, but theoretically theres an argument to be made about free speech or whatever, but nobody has tried to claim it on the right. No. I think the biggest argument ive seen is more were getting rid of some of the money that goes into conventions and reduce little federal governments role. Thats as far as anybody wants to go because it does look like its supporting special interests and nobody wants to be that guy right now, i think, except for maybe Mitch Mcconnell who does say this is about free speech, it doesnt matter if youre a corporation. So maybe Mitch Mcconnell did it . Possibly. It sounds like it was maybe somebody in the house. No one really knows. Mcconnell has denied it, but i guess many of them have. Really the bottom line here is what this does is it makes it easier for politicians and parties to raise money to do big things, like conventions and buy buildings and organize stuff. It just makes their lives easier. Why wouldnt they vote for it if they can get away with it. And weeks after an election they can get away with it. Governor dean, as former chair of the dnc, some folks will say the upside of this is theres less money in outside spending groups and more money in regulated party groups and that makes it more transparent. Do you see any merit in that argument . Were talking about the wrong issue. Very few people vote on Campaign Finance issues. The big issue is the banking issue. That could bring down the country and it almost did bring down the country so for us to relax that is a danger to the United States of america. We can moan and grown about free speech and i of course would never support this kind of approach, but the fact of the matter is this is a dangerous bill for the United States because of what they have done to allow the Banking Sector to continue to abuse their position as essentially an oligopaly. That is not something thats popular on the right or the left. Yeah, john, to that end a lot of discussion and analysis about where democrats are at but the unspoken story line is not that the white house was on board with this but that Establishment Republicans were pushing to get an omnibus spending bill through congress in advance of them taking over both houses of congress. That is a testament to just how scared Mitch Mcconnell and john boehner are of their far right flank, is it not . It is. The interesting thing to me about that is this has been a position that boehner and mcconnell have been in now for four years. And they see that its not going to go away next year. They wanted to try to get the bulk of the government funded for a while so when they go into this fight in february over the deportation rules that they only have a smaller piece to deal with, which is still going to be a mess for them. The other interesting thing is that youre starting to now see a bit of a mirror of that on the democratic side and both leaderships will have to struggle with this, i think, in the first couple months of the new congress. That is going to be the biggest change in the dynamic. Whereas its always been the last couple years republicans have this huge problem on their right. Harry reid may now have a pretty big problem of his own on his left. Michael, do you think that were going to see the governor points out that the issue of wall street getting away with being able to bending the law in ways that ordinary citizens cant and Financial Regulation being eroded in the cromnibus, do you think that this populist strain of the tea Party Returns now that there are champions for it on the left and it feels like in this particular moment theres more wind in the sails of that discussion . I think it is. I think what were going to see now that republicans are in charge and democrats are clearly as frustrated as republicans having not been able to do much the last couple of years, youre going to have the wings be against the center. My guess is the result on most issues next year is the center, who wants to get stuff done working very closely with all the varying lobbying groups triumphs over the edges on both the conservative and the liberal side. In part because the edges arent as well coordinated with each other and in part because on a lot of these issues, theyre not, as the governor said, deciding issues. I would argue that even though theres enormous concern about banking regulation, if you asked any voter the day before the election what a swap was, theres very few that could explain what that is. And governor dean, the fact that jamie dimon was making calls last night for votes on a bubl budget bill, Maxine Waters said after the president and jamie dimon started calling, they gave in. The jamie dimon part of that sentence is a little distressing. Let me just repeat what i said earlier in the show. If you think any of these people on either side of the aisle want to run for president having done the bidding of the banks and put the Financial System of the western world at risk in doing that, i agree it may be the wings against the middle but the wings control both primaries. How would you like to go to iowa in either party where their populous could have a tremendous amount to say and campaign on and defend yourself from the attacks of your opponents in your party that you supported the Banking System that put us at risk. They already hate the bailouts that went on in 2008 and 09, i dont think theyre going appreciate this. I think every senator who votes for this and then thinks theyre going run for president is putting their campaign at enormous risk in either party. John, to that ending theres been a lot of talk about whether Elizabeth Warren would run for president. It seems clear that the power center will be the upper chairman. She does not seem or sound cowed and could be an incredibly powerful tool leading into 2016. Oh, absolutely. Shes been following in a way a model ted cruz has been using which is operating from the pulpit of the senate and using that very big megaphone to rally support in the Lower Chamber, to start opposition there. You saw it happen in the house and that has transferred to the senate where more and more senators are saying wait a second, we dont know if we like this language. Youre starting to see the outside organizations rally around her quite a bit. But can i interrupt you, john, because i think that its dangerous to compare what Elizabeth Warren did on the cromnibus to what cruz did. Matt iglesias gets to why. In terms of influence and sphere of influence there are some parallels but he writes in 2013 republicans demanded Obamacare Repeal as ransom for funding the government. In 2014 republicans are demanding partial roll back of dodd frank was ransom for funding the government. It continues to be that the gop wants to use government funding as leverage to undo policy measures democrats enacted in the 111th congress in both 2013 and 2014 Elizabeth Warren didnt want to pay the ransom. The ransom is still there. Rolling back parts of doddfrank actually has nothing to do with the budget bill, john. No. But shes at own odds with her leader and shes at odds with her president so in that sense they are very similar. You watch her language. They use very similar language to sort of get to the populous base that both of them speak to. I do think in terms of their politicking and how they are wielding power in washington, they are remarkably similar. Michael, february 27th is the looming deadline now if the cromnibus passes for dhs funding to run out. Im having a hard time, do you see a feasible pass forward . It will be very ugly, a lot of suspense and something will work its way through. The false narrative here is that theres not really a lot of options republicans have to stop the president S Immigration action short of doing stuff that damages things that dont have to do with the immigration action. And the Political Risk of doing that is pretty high, i think. If they want to defund Border Patrol or Something Like that, they can go ahead and do it or take tsa screeners off the front lines. But the actual funding mechanism for the immigration action is funded through fees and not something dealt with through appropriations. Its questionable exactly how in legal language they could get something through the senate to do this. So i expect that there will be some result. Congress is incredibly gifted at both creating these cliffs and then finding ugly ways out of them. Do you see do you see michael sounds, i wont say bullish, but not bear not necessarily bearish on that looming deadline. How do you feel about it . I think hes right. I think that its going to be very hard to do this. If you defunded the Homeland Security agency or let that funding expire, the people who claim they dont want any immigrants are basically opening the borders, so i think theyre in a rough spot. But i think weve got to get one through the one that ends on monday before we think about february 27th. A very fair point, thank you guys all for your time. We have some breaking news to report. Police in portland, oregon, say there has been a School Shooting after noon today at Rosemary Anderson, an Alternative High School. Our nbc affiliate in portland is reporting three victims. Police say the victims are conscious. They are awake and talking and it is unclear if they are students. Police also say the suspect or suspects have left the area. We will continue to bring new details on this as we get them. Coming up, as washington gears up for a massive demonstration against Police Violence this weekend, we will look back at one of the most important marches in the civil rights era. Actor tim roth will join me to discuss his new movie selma. Plus the stories and things you could not get enough of this week. We will discuss our broken sbrng internet. 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