Sen. Richard Shelby (R-AL) said on Morning Joe today that he and Sen. Chris Dodd (D-CT) still aren’t close to a bipartisan, comprehensive deal on financial reform.
Are we close to wrapping up a comprehensive deal? No, we’re not close to that. We agree conceptually on a lot of things. We have made great progress … on the too big to fail section. But on the derivatives, we haven’t worked that out. And we certainly haven’t worked out the consumer agency.
Still, Shelby said, “sooner or later, the bill will probably have to go to the floor.”
“We want a bill,” Shelby said. “We’re gonna get a bill.”
Shelby also disputed the idea that Republicans are carrying water for Wall Street by continuing to obstruct debate on the Dodd’s financial reform bill.
“A lot of the Wall Street firms like the Dodd bill,” he said.
But the Dodd bill does include “some good things,” Shelby said, and the two senators are continuing to talk.
“We’re gonna meet later today,” Shelby said.
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