Are Democrats looking towards the finish line on their yearlong effort to overhaul Wall Street rules?
Just two days after Senate Banking Committee Chairman Christopher Dodd (D., Conn.) advanced a financial regulation overhaul bill through his panel along party lines, Mr. Dodd will huddle with President Obama and House Financial Services Committee Chairman Barney Frank (D., Mass.) in the White Houses Oval Office.
Mr. Obama has regularly met with lawmakers on the financial rules, but this meeting comes as the White House is pushing much more aggressively to get the rules moved through Congress. A Senate vote could come before the Memorial Day recess.
Senate Democrats will need to win support from at least a handful of Republicans to move the bill through, but they are increasingly convinced they can get the votes.
The House of Representatives passed a bill in December that tracked closely with a White House proposal, and Mr. Dodd has recently reworked his bill to make it mirror many of the Obama administrations goals. Differences between the House and Senate bill would have to be worked out before any bill could become law.