Wall Street Spending $1.5M a Day on Lobbying, Campaigns

The financial sector has shelled out more than $800 million to influence Washington via lobbying and campaign spending in the current election cycle, according to a new report from Americans for Financial Reform.

That works out to roughly $1.5 million a day, a total on pace to eclipse Wall Street's effort four years ago to beat back the Dodd–Frank Wall Street Reform and Consumer Protection Act, the left-leaning policy group said.

Dodd-Frank was ultimately enacted in July 2010, and the landmark statute turned four this week. But nearly half of hundreds of regulations required by the law remain incomplete, and battles persist over their final language.

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