Mar 11, 2010

"Senate Banking Committee Chairman Christopher Dodd (D., Conn.) will introduce his sweeping plan to overhaul financial regulations Monday without any Republican support, a spokeswoman said, potentially imperiling the White House's effort to redraw financial regulations.

Mr. Dodd is still hopeful his negotiations with a Republican on his panel, Sen. Bob Corker of Tennessee, can be worked out and that they will be able to bring a bipartisan bill to the Senate floor, the spokeswoman said.

Both lawmakers have said in recent days they were close to a deal, but Mr. Dodd decided Thursday morning he had to introduce a bill as soon as possible. People familiar with the matter said negotiations had been in progress through Wednesday afternoon."

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