NU Online News Service, June 29, 3:45 p.m. EDT
WASHINGTON–Negotiators on financial services reform legislation reopened the conference this afternoon to remove a $19 billion bank tax that potentially imperiled Senate passage this week.
They acted after Sen. Scott Brown, R-Mass., sent a letter to Sen. Chris Dodd, D-Conn., and Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, withdrawing his support for the bill because of the bank tax.
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