Washington (CNN) - A deal is close on a Senate financial reform bill, the leading negotiators said Sunday, but Republicans warned they are not yet prepared to launch debate on the measure.
Democratic Sen. Christopher Dodd of Connecticut and Republican Sen. Richard Shelby of Alabama told NBC's "Meet the Press" that they would continue working Sunday to reach a deal on one of President Obama's top legislative priorities.
Dodd said the Senate's Democratic leadership plan is to open debate on the bill on Monday, but Shelby warned that might be too soon. Republicans have enough seats in the Senate to block the start of debate.
The Senate's top-ranking Republican, Mitch McConnell of Kentucky, told "FOX News Sunday" he also believed a deal was likely, but not as soon as Monday.
"We don't have a bipartisan compromise yet," McConnell said. "But I think there's a good chance that we're going to get it."
Asked if Republicans will allow debate on the bill to proceed Monday, McConnell said he didn't expect that to happen.
Updated: 1:51 p.m.
This is just another gov. takeover of private business. If it's so great why are Freddie Mack and Freddie Mae not covered?????
Unless Republicans choose to actually do their jobs, which is work on legislation, the Democrats will be going at it alone again. With Obstructionist behavior on the Right, and a go at it alone attitude on the left, NO body will be happy.
Republicans, get off your Obstructionist Arse's and get to work. We are tired of paying you to do nothing but say NO!
IT IS the same old spin by the repugs scrap the bill and lets start all over,i say if they want to stop this bill, the dems need to move on without them,bush passed most of his bills with 51 votes obama should do the same.
The republicans are committing political suicide by obstructing the finance bill, once again proving their support for big business over the survival of our country and us.
They have totally lost their way as politicians and are on their way to becoming our country's most dangerous domestic terrorists.
More Spin and Stall on the part of the republicants and their brown shirts.
No work for the people. Nothing the previous 8 years.
VOTE THEM OUT
From the Republicans' point of view is this really about causing the failure of this administration so they can regain control of Congress? Do they really think we'll vote for them if they refuse to protect us from the rampant greed on Wall Street? And are we really that stupid?
We can't have health care, only they can. They voted against the stimulus, 30% of which was tax breaks for 95% of us, excluding the rich, who they prefer to give tax cuts to. Now they won't protect us from financial meltdown, which could happen again because Wall Street isn't regulated and is still doing the same gambling that got us here in the first place. Why are we paying them? They're not doing their jobs.
the way the republicans are behaving, I think many in the media will be surprised of the American people vote them 'Out" in droves...
it is crazy... they haven't put forth any constructive ideas in over a year...
they spend their money on energy inciting racism.. that's it.
The Hypocrisy of it all is that the Republicans supported the TARP Bill, when it went through during Bush's Administration back in 2008 when this whole Financial Crisis came to a head. Yet, they continue to blame President Obama and the Democrats for every problem associated with it.
Did they forget that we Americans can remember that Republicans held power from 1994 – 2006 with a Republican President during six of those years? Absolute power went to their heads... the Financial Crisis can be put at the feet of both Parties, but the Republicans were in charge for 12 years... half of which it was Absolute power over the Executive and the Legislative Branches. And if you consider the Conservative leanings of the current Supreme Court, Republicans had complete control of the entire Government. AND THEY FAILED AMERICA!
This is just another waste of taxpayer dollars – there are all ready regulations and regulators in place. Who regulates the regulators all are a bunch of criminals. Doesn't even cover fannie and freddie who were the main causes of the problems.
Obummie and his band of fools forced health care down our throats with nothing but LIES. This bill should not go forward until it is bipartisan. The repubs were right on Obummie's heath care increasing costs, kicking 14 million employees who are covered by their employer off of their insurance because it will be cheaper to pay the fine, seniors will have reduced access to health care as 15% of health care providers will lose money, etc. etc. We can not let Obummie and the dumbocraps rush this through and not include Freddie and Fannie Mac. Fannie and Freddie caused a lot of the financial mess. Why won't Obummie include them in his so called reform? The answer is he is wanting to have another government take over instead of REAL REFORM !!! This is no different than health care. He didn't do anything he said he was going to do with that law except to put more people on the gravy train at the expense of others.
To the hypocrite Christopher Dodd sitting there saying we are going to get tuff is hilarious. After all it was He and Franks who started the financial melt down
51 was majority when King W ruled, it is STILL a majority.
Get tough, Dems - or lose to the brown-shirts of 2010.
As trends go, when given 3, 6, 9..... and I'm asked to give the next number, I say 12.
When I hear that Republicans are negotiating re: the Financial Reform Bill, it makes me think that they are beginning to get "it". However, it's too early to tell yet. That's just equivalent to the three (3) in the sequence above. i.e. there's no trend just yet. Yet more, if I detect a trend, they will be on probation and close supervision for a long time in my governance.
Let the GOP save face this time!
They learned from the health care bill – the GOP was 100% irrelevant! :)
I am really tired of the old "Government Take-over" rant that seems to accompany every thing that the Obama Administration/Democrats try to do. If the Government had actually been paying attention during the Bush years, this financial meltdown would never have happened. With McConnell, the minority leader, out and out lying about what the bill will do, how can anyone expect bipartisanship on anything. I am really looking forward to November, which I hope, will really surprise the Party of No. I hope the American people say, No More, to the Party of No.
Okay, so now you realize that crying about the bill not protecting the taxpayers from future bailouts is a wash. So instead of rolling up your sleeves and getting to work on this, you've decided to play the 'we have enough votes to block a Monday debate' game....another 'No-job'. This is just for the sake of saying 'No' to something. So what's keeping you from debating Monday? What's the real excuse? I'll tell you what it is...you slipped the heck up and realized your "No-job" would actually hurt you on this one. Gotta go find a legitimate 'No'? Can't have one by Monday? Idiotic boys in big men's suits.