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Analyst warns Congress that Wall Street may ‘gamble with taxpayer money’

The government could face another shutdown because of Wall Street. Many Democrats are upset with the possible repeal of a financial reform bill as part of the larger spending bill to fund the government.

At issue in the $1 trillion spending bill is the Dodd-Frank Act. In the financial reform bill, banks had to keep separate risky trades in the stock market from personal bank accounts. It’s believed that the risky trading by big banks before caused America’s financial collapse in 2008.

Republicans in Congress want to repeal the act to allow banks to combine trading and personal bank accounts. Liberal Democratic senator and Wall Street critic Elizabeth Warren opposes the action, and implored fellow Democrats to withhold support for the spending bill if the act is repealed.

“We’re trying to get it out of the House omnibus bill right now, ” she said. “That is where all the pressure is.”

Warren added that the repeal of the act would let “Wall Street gamble with taxpayer money.”

Another prominent Democrat against the repeal of Dodd-Frank is House Minority Leader Nancy Pelosi. Pelosi sent a strongly worded letter to fellow Democrats to vote against the bill.

“It is clear from this recess on the floor that the Republicans don’t have enough votes to pass the Cromnibus [omnibus bill]. This increases our leverage to get two offensive provisions of the bill removed: the bank bailout and big money for campaigns provision,” wrote Pelosi.

“However you decide to vote in the end, I thank those who continue to give us leverage to improve the bill,” continued Pelosi.

Despite criticism from the left, Republican Speaker of the House John Boehner believes the spending bill will pass and will benefit Americans.

“It protects jobs, it stops wasteful spending. In fact, we’ve now reduced overall discretionary spending some $176 billion since the 2010 fiscal year…it’s a good bill and I think it reflects the people’s priorities, and I’m asking the House to support it,” said Boehner in a statement.

The House needs 60 Democrats to support and vote for the spending bill. If there aren’t enough Democratic votes, the government could shut down December 11 at midnight.

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‘Duck Dynasty’ cousin running for Congress in Louisiana

A relative of the Duck Dynasty stars is running for Congress in Louisiana’s 5th Congressional District. Zach Dasher is running to replace Vance McAllister. The conservative married Congressman will not seek re-election after being caught kissing a female staffer on camera.

Dasher is the nephew of “Duck Commander” Phil Robertson. He announced his candidacy in a press release.

Dasher has no political experience, but the pharmaceutical representative believes that his inexperience is a positive trait in the Congressional race. “It is time for ordinary citizens to get off of the sidelines and get involved in the political system,” said Dasher in the release.

“For too long, we’ve set idly by while Washington politicians slowly gain control over every aspect of our lives,” added Dasher. “I can effectively fight the big government intellectual elitists in Washington.”

The Duck Dynasty stars ran into controversy in December 2013 when Robertson made comments many viewed as racist and homophobic. Roberton said in a magazine interview last year that being gay was “just not logical.”

While Dasher hasn’t commented on the remarks from last year, it appears he shares many of the same evangelical Christian views on politics as his famous relatives.

“Man is made in the image of the Almighty God. If we are afraid to say that, then we don’t have a case for liberty. Our rights do not come from a bunch of elite politicians in Washington, D.C. They come from the Almighty God,” said Dasher in his statement.

Dasher has the full support of his relatives, but it’s unclear if their support will translate to an election victory in the 5th Congressional District. Duck Dynasty’s ratings have been sliding nationally, but their popularity is still high in Louisiana. “My gut is that this boy [ Dasher] will get 20, 25 percent[of the vote],” said Roy Fletcher, a Louisiana political consultant.