Right loses fight for deeper cuts

http://www.politico.com/news/stories/1111/67406.html

Rural and anti-Wall Street politics came together for a moment Tuesday as the Senate approved an estimated $182 billion spending bill after rejecting conservative demands for still deeper appropriations cuts beyond the August debt limit agreement.

Smelling defeat, Republicans pulled their amendment to slow the pace of financial reforms being implemented by the Commodity Futures Trading Commission. And Democrats appeared emboldened, even welcoming the next round of the same Wall Street fight when the CFTC and Securities and Exchange Commission budgets come before the Senate later this week.