Chris Dodd News

Congressional Gridlock on Financial Reforms Expected After Elections

If Republicans make big gains in U.S. Congressional elections on Tuesday, as expected, Wall Street and big banks will have sweet, but incomplete, revenge on Democrats who drove through sweeping financial reforms against industry opposition. The likeliest outcome of Democrats …

House Expected to Go Along with 1 Year Flood Insurance Extension

Congress is on track to temporarily extend within days a troubled program that insures millions of U.S. homes and businesses against floods, with another push for a broad overhaul looking likely next year. The Senate on Tuesday approved an extension …

Connecticut Officials Ask Obama for Tornado Damage Aid

Connecticut’s congressional delegation is asking President Obama to reconsider the denial of federal aid for tornado-related damage in Fairfield County. The delegation wrote to Obama on Tuesday saying the Federal Emergency Management Agency’s rejection of the aid will deprive property …

Senate Approves Financial Reform Bill

The U.S. Senate approved a sweeping Wall Street reform bill Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s. By a vote of 59-39, the Senate approved S. 3217, the “Restoring America’s Financial …

U.S. Senate Bank Reform Fight Turns to Consumers, Fed

The U.S. Senate’s debate on Wall Street reform shifted Thursday to a running battle over consumer protection and an impending challenge to Federal Reserve secrecy, with small banks also scoring a win. In the second day of voting on the …

Democrats Garner More Votes in U.S. Senate for Financial Reform Bill

Democrats fought to push their Wall Street reform forward in the U.S. Senate on Wednesday, slating more votes despite Republican resistance on a bill that is expected to pass within weeks. The chief negotiators for both parties agreed on Tuesday …

Senate Ends Stalemate Over Financial Reforms; Debate to Begin

A three-day U.S. Senate standoff over efforts to overhaul financial regulation ended on Wednesday as Republicans dropped efforts to block a Democratic bill in exchange for a handful of concessions. A deal to proceed came after Democrats threatened to keep …

Financial Reform Bill Stumbles in U.S. Senate

The most sweeping overhaul of U.S. banking rules since the Great Depression stumbled in the Senate Monday as Republicans united to prevent action on the bill. The vote gives Republicans leverage to extract more concessions from Democrats on a measure …

Financial Reform Hits First Hurdle in U.S. Senate

The most sweeping overhaul of U.S. financial regulation since the Great Depression appeared unlikely to clear its first hurdle in the U.S. Senate Monday as Republicans held out for a bipartisan deal. Even as Wall Street reeled from more revelations …

Obama: U.S. Faces Another Financal Crisis If Lessons Aren’t Learned

U.S. President Barack Obama will tell Wall Street Thursday to accept a sweeping bill to overhaul financial regulations, warning of another crisis unless rules are tightened to rein in the industry’s risky practices. In a speech in New York that …