Washington (CNNMoney.com) - With one week down and one week to go on negotiations melding the two Wall Street reform bills, lawmakers have a lot of tough decisions ahead.
House and Senate negotiators had set a goal to finish work on reconciling the bills – aimed at preventing the next financial crisis – before President Obama heads to Canada on Friday for two major summits of world leaders.
So crunch time is on. Negotiators meet again Tuesday, which only leaves them a few days. And they have yet to consider some of the more complicated and controversial issues, such as protecting consumers who buy financial products and shining a light on complex financial contracts.
Additionally, they also have to continue working on issues they broached but didn't resolve over the past week of negotiations, such as differences in creating a panel of regulators tasked with keeping an eye on risk in the financial system.