Key members of both parties said Wednesday that they are close to agreeing on the main elements of a bill to overhaul the nation's financial regulations, raising the prospect that the Senate could begin formal discussion of the landmark legislation early next week.
"I'm more optimistic than I've ever been," said Sen. Richard C. Shelby (Ala.), the lead Republican negotiator. "I think we can put a bill together pretty soon." His counterpart in months of talks, Sen. Christopher J. Dodd (D-Conn.), chairman of the banking committee, agreed that they were on the cusp of a consensus.
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