Dodd to move forward, financial talks with Shelby at ‘impasse’
By Silla Brush
The Hill.com
Bipartisan negotiations on financial reform in the Senate Banking Committee are at an “impasse,” the panel’s chairman said.
Sen. Chris Dodd (D-CT) said Friday that he will push forward without a clear deal given the stalemate with the senior Republican on his committee.
“For now we have reached an impasse,” said Dodd, the Banking panel chairman, referring to months of negotiations with Sen. Richard Shelby (R-AL).
“While I still hope that we will ultimately have a consensus package, it is time to move the process forward.”
Dodd said that his staff will begin drafting legislation to present to the full committee later in February. (more)