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Senate Banking Committee Chairman Chris 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.
Dodd is still hopeful his negotiations with Republican Sen. Bob Corker 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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