The chairman of the Senate Banking Committee warned on Tuesday that the Obama administration's new proposals to rein in Wall Street firms ran the risk of derailing months of delicate negotiations over overhauling financial regulations.
"It's not a movable feast," the chairman, Christopher J. Dodd, told Paul A. Volcker, the former Federal Reserve chairman, who has become an influential outside adviser to President Obama. "It's adding to the problems of trying to get a bill done," he said at the end of a hearing on the proposals, after all the other committee members had already left.
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