Hold Out Hope for Financial Reform

There's still hope for a bipartisan bill on financial regulation, which hit a snag this week after negotiations broke down in the Senate. All Republican members of the Senate Banking Committee signed a letter to Sen. Chris Dodd (D-CT), the committee's chairman, saying they could get on board with legislation if given more time, according to a copy of the note obtained by Reuters. Dodd will likely release revised legislation Monday. "While we remain open to finding common ground and to working diligently toward the passage of bipartisan legislation, we believe a markup scheduled in haste would certainly prevent us from achieving that goal," the Republicans said.