U.S. policymakers are struggling to agree on new rules to avoid another financial crisis.

Trying to fix the broken U.S. financial system is no way to win a popularity contest. Standing by himself, Christopher Dodd, chairman of the Senate Banking Committee, on Monday announced his second attempt to plug loopholes in financial regulation and find ways to prevent a repeat of the crisis that overtook Wall Street in late 2008. His first attempt was declared dead on arrival last fall by ...

Christopher Dodd, chairman of the Senate Banking Committee, on Monday announced his second attempt to plug loopholes in financial regulation.

A new Democratic Senate bill to tame the financial markets would give the government new powers to break up firms that threaten the economy, force the industry to pay for its failures and create an independent consumer watchdog within the Federal Reserve.

WASHINGTON — Eighteen months after Wall Street's brush with apocalypse, the Senate on Monday began to rewrite the nation's financial regulatory rules with the introduction of a sweeping bill designed to fix the causes of the deep economic crisis.

Senator Chris Dodd, the head of the Senate Banking Committee, is out this afternoon with his proposal for an overhaul of financial regulation. The big headline is that the bill gives more power to the Federal Reserve--a lot more

The Federal Reserve would take on a greatly expanded role in financial regulation under new legislation unveiled on Monday by a top Senate Democrat, in a push to move ahead with the regulatory reform that has been a top priority of President Barack Obama.

A Democratic Senate bill to tame U.S. financial markets would give the government new powers to break up firms that threaten the economy and would force the industry to pay for its failures.