WASHINGTON — Though Senate Banking Committee leaders said Friday that negotiations on a regulatory reform bill had reached an impasse, the situation was not as dire as it appeared, analysts and congressional aides said.
The very public breakdown in talks was an attempt by Chairman Chris Dodd to gain leverage in the talks, which have dragged on for months and so far have appeared to favor Sen. Richard Shelby, the panel's lead Republican. Dodd is trying to move a reform bill this month with the hope of forcing Shelby to come at least partway toward his positions or of picking off other Republicans who may support his bill.
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