Financial reform bill stalled by united GOP

Senate Republicans, joined by one Democrat, blocked floor debate on a sweeping financial reform bill, sending the measure back to committee for further negotiation. Much of the controversy focused on derivatives after Sen. Judd Gregg, R-N.H., released comments from the Federal Reserve warning that proposed limits on derivatives trading would "impair financial stability" and "be highly disruptive and costly, both for banks and their customers."

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