Congress funding fight may delay Wall Street reforms

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Source: Reuters

The Obama administration may have to wait several months to begin enforcing parts of the landmark Dodd-Frank financial reform law because Congress has delayed funds necessary for its implementation.

Requested budget increases for financial regulators were not included in a stopgap spending bill to fund government operations through early December that passed Congress on Wednesday, which could complicate efforts to put the sweeping law in place. The delay could stretch into 2011

Read more: http://www.reuters.com/article/idUSTRE68R45220100930