Financial reform inches forward

Lawmakers in Washington came closer to compromise on a new bill that would more tightly regulate the financial industry Sunday after extensive talks.

The talks come shortly before a Monday procedure vote to see if the bill can move forward, the New York Times said.

Several sticking points still exist including a future fund for bailouts and how creditors are treated when a company faces restructuring, Politico said.

Even with debating, a bipartisan bill is expected, thanks to broad public disapproval of the financial industry, said the New York Times.

"We don't have a bipartisan compromise yet, but I think there's a good chance we're going to get it," Minority Leader Mitch McConnell said.

About this Entry

This page contains a single entry by egger153 published on April 25, 2010 5:14 PM.

IMF proposes new bank taxes was the previous entry in this blog.

Six dead in Cambridge car crash is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.


Powered by Movable Type 4.31-en