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News Now

Washington
Power Breakfast puts CUs close to political action
WASHINGTON (5/04/09)—Once again, credit unions gained broad exposure before a vital audience in the nation's capital during a popular "Power Breakfast," organized by National Journal. The Credit Union National Association (CUNA) co-sponsors the series, and a couple hundred Capitol Hill staffers, lobbyists and reporters attended the event Friday featuring Senate Majority Leader Harry Reid of Nevada.
Click for slide show Senate Majority Leader Harry Reid (second from left) spoke with CUNA Senior Vice President of Political Affairs Richard Gose (right) at the CUNA-co-sponsored Power Breakfast. (National Journal photo)
Reid, addressing financial services regulation in response to a question, said regulatory reform is certainly on the Senate agenda this year. He cautioned, however, that the U.S. Congress should not overact to current problems and “overdo” its response. A danger there, he said, is killing off innovations. Reid’s wide-ranging remarks addressed not only financial services regulations, but also health care reform, the budget, and Iraq, among other things. The Senate leader also assessed other politicians. A former boxer, Reid said most politicians are either a “boxer” or a “slugger.” A boxer is one who shows finesse and is cool in times of stress. A “slugger” takes a confrontations al approach. When asked to assess President Barack Obama’s style, Reid said the 44th president is “definitely a boxer.”


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