Critics say that allowing the Japanese telecom firm Softbank to acquire Sprint raises security risks. But their evidence is thin.
The sticking point is record keeping. Sen. Schumer wants a record kept of the background check. Sen. Coburn won't agree to anything of the kind. Here are the pros and cons.
"When Republicans say the first thing you do when you do deficit reduction is reduce rates," Sen. Chuck Schumer tells me, "it would be like Democrats saying the first thing you do when you do deficit reduction is provide free Medicare at age 55. We’d like to do that! But it won’t bring the deficit down.