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OPINION

Durbin, Dem colleagues at odds over House bill to ease corporate regulations

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Sen. Dick Durbin is fighting his top Democratic colleagues, Majority Leader Harry Reid and Sen. Charles Schumer, who want to move a bill easing regulation of Wall Street.

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Despite mounting election pressures, Durbin (D-Ill.) is digging in his heels against giving new companies a five-year exemption from accounting and corporate governance rules.

Durbin has been outspoken in his opposition to House-passed jobs legislation, which consumer advocates and labor unions argue has very little to do with creating jobs and is more geared to deregulating Wall Street.

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