The top Republican on the Senate Agriculture Committee accused the White House and top administration officials Tuesday of meddling in bipartisan negotiations over rules governing derivatives trading – a charge that suggests a deal between Republicans and Democrats on the issue won’t happen.
Sen. Saxby Chambliss (R-Ga.) said the administration has interfered with months of delicate talks between him and Agriculture Committee Chairwoman Blanche Lincoln (D-Ark.), who is expected to outline a proposal on regulating derivatives this week.
"It is almost too obvious that the White House may not want a bipartisan agreement," Chambliss told reporters Tuesday. He said this has become clear "in just the last few days" through private staff meetings with administration officials and in the administration's public statements.
To win GOP support for Wall Street reform, “the White House has to send a message that they want a bipartisan deal," Chambliss said. - Politico Story
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