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Senators: No deal yet on financial regulations

Senators: No deal yet on financial regulations

The Senate's key Republican negotiator on financial overhaul legislation said he's not optimistic about getting a deal before a showdown vote Monday.
Alabama Sen. Richard Shelby predicted Sunday that all 41 Republican senators will vote to delay the start of debate on the bill unless talks lead to an agreement.
Shelby is the top Republicans on the Senate Banking, Housing and Urban Affairs Committee.
The committee chairman, Democratic Sen. Christopher Dodd of Connecticut, said he hopes to get the necessary votes to move ahead on Monday. But he acknowledged that Democrats may not be able to peel away any Republican senator.
Dodd needs 60 votes _ and there are 59 Democrats and Democratic-allied independents.
The Senate's Republican leader said the financial overhaul bill isn't ready for a full Senate debate. Kentucky Sen. Mitch McConnell said that Republicans have enough votes to prevent Democrats from beginning debate on the bill.
McConnell said he thinks there's a good chance Democrats and Republicans eventually will reach an agreement on the plan.
Republicans oppose some provisions of the measure, especially a multibillion-dollar bailout fund. Democrats say that proposal and other initiatives are aimed at preventing another financial meltdown.
Dodd and Shelby appeared on NBC television's "Meet the Press." McConnell appeared on "Fox News Sunday."


Updated : 2021-10-18 00:51 GMT+08:00