WKYT | Lexington, Kentucky | News

Dems, GOP apparently working toward financial reform compromise

WASHINGTON (AP) - Senate Minority Leader Mitch McConnell says there's a renewed effort to put together a Wall Street reform package.

McConnell says the GOP's ability to filibuster the Democratic bill has resulted in renewed discussions after Democrats pulled back from negotiations. He says chief among Republican concerns is a $50 billion fund to help dissolve banks that fail.

The administration has indicated its willing to compromise on that. Senate Majority Leader Harry Reid says the fund is the focus of discussions.

Reid says he expects to bring the overhaul package to the Senate floor late this week or early next week.


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