America’s Congress nears agreement on a financial-reform bill, but the final shape of the new regime is unclear. The international picture is murkier still
THERE were amendments to this, amendments to that, even amendments to amendments. Negotiators and aides seemed to be drowning in paper. But a marathon session of bleary-eyed horse-trading between Democrats and Republicans yielded, at 5.39am on June 25th, an agreed text of what supporters portray as America’s most important package of financial law since the Depression—and opponents decry as a 2,319-page cop-out.
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