A $50 billion fund to provide a financial bridge for failing firms remains in a financial regulatory reform bill, Senate Majority Leader Harry Reid (D-Nev.) told reporters Tuesday.
Reid said his caucus discussed the fund during its party lunch today but didn't make any final decisions on what to do with it. A majority of Republicans say the account, which would get its funding from large Wall Street firms, resembles a bailout fund.
"That's something we're all going to take a look at. It's in the bill," he said. "And we'll see what goes on with the discussions that are taking place. Right now it's in the bill."