Reid says financial overhaul bill to move before Memorial Day

Senate Majority Leader Harry ReidHarry ReidHopes rise for law to expand access to experimental drugs If Gorsuch pick leads to 'crisis,' Dems should look in mirror first Senate confirms Mulvaney to be Trump’s budget chief MORE (D-Nev.) said Wednesday that Democrats would move financial overhaul legislation before the Memorial Day break.

"It's extremely important that we do something," Reid said.

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"It's something we're going to do before Memorial Day break. We're going to have to take this up and send a bill to the House to start a conference process."

Financial overhaul legislation is gaining urgency this week, with Senate Banking Committee Chairman Chris Dodd (D-Conn.) saying Thursday that he would unveil a bill on Monday without any firm Republican support.

Dodd and Sen. Bob CorkerBob CorkerRepublicans play clean up on Trump's foreign policy GOP Congress unnerved by Trump bumps Trump makes nuclear mistake on arms control treaty with Russia MORE (R-Tenn.) spent weeks negotiating a bipartisan package of reforms. But on Thursday Dodd said that there were "outstanding issues" and that he would move to introduce legislation without a firm deal. He is aiming to hold a markup the last week of the month.


Corker said that it was "disappointing" and that the lawmakers were on the "5-yard line" of negotiations.

Corker blamed the White House and the politics of healthcare for complicating the talks.

Dodd and Corker said they would continue negotiating.