NU Online News Service, Feb. 5, 2:29 p.m. EST
Negotiations have broken down over a bipartisan financial services reform package in the Senate, leaving Democrats to unveil their own proposal by the end of the month, Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee, said today.
The key issue is apparently the authority to be given a consumer protection unit that both Democrats and Republicans in the Senate Banking Committee believe should be housed within the Treasury Department.
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