June 24th, 2010
02:09 PM ET
10 years ago

Wall Street reform talks inch to finish line

Washington (CNNMoney.com) - Lawmakers are closing in on melding two different versions of Wall Street reform.

However, they have yet to tackle one of the last and more controversial measures: Cracking down on the big banks' investment activities and risky bets.

For nearly two weeks, a negotiating committee of 43 lawmakers has been reconciling the House and Senate versions of the most sweeping overhaul of the financial regulatory system since the 1930s.

Lawmakers leading the negotiations insisted that the panel is on track to complete negotiations by Thursday evening, which would prepare bills for final passage by each chamber next week.

However, the group had yet to consider changes cracking down on banks' risky bets, in part because of an apparent stand-off between Democrats in the Senate and House.

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Filed under: Financial Reform • Wall Street