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

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.

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.