Dodd to Push Financial Reform Without GOP

He's preparing to introduce the measure Monday
By Nick McMaster,  Newser Staff
Posted Mar 11, 2010 3:34 PM CST
Dodd to Push Financial Reform Without GOP
Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn. gestures during a news conference on Capitol Hill in Washington, Thursday, March 11, 2010.   (AP Photo/Harry Hamburg)

Chris Dodd is preparing to introduce a sweeping bank reform bill on Monday in the Senate without any Republican support. The move comes after months of negotiations with the GOP's Bob Corker, who said the two were on the "5-yard-line" before Dodd got pressure from the White House to push a bill out of committee before a health care vote. Says Dodd: "There isn't a lot of time left to complete bank reform this year. The real problem I'm facing is that clock."

Corker said "there's no question that White House politics and health care have kept us from getting to the goal line," reports MarketWatch. Assuming Dodd and Corker don't patch up remaining differences quickly about the legislation, which is to include tougher consumer protections, Democrats could face a filibuster on the Senate floor, reports the Wall Street Journal.

(Read more health care reform stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.