Reid moves up start of financial overhaul debate - Yahoo! News: "WASHINGTON – Unwilling to negotiate further, Democratic leaders said Thursday they want to move forward on financial regulation legislation next week even as Republican leaders tried to unify their members against the bill in hopes of winning further concessions.
At the same time, Democrats were preparing to introduce companion legislation Friday that would bar some of the nation's biggest banks from engaging in derivatives trades. Derivatives, a growing vehicle for financial speculation, have become a significant source of revenue for large financial institutions. The proposal faces stiff industry opposition.
On the broader regulation bill, Senate GOP leaders were seeking to get all 41 Republicans to sign a letter opposing it. At least one, Sen. Susan Collins of Maine, had not signed on but said she nonetheless opposed the White House-backed legislation."
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