WASHINGTON Oct 14 Representative Barney Frank, chairman of the U.S. House Financial Services Committee, said on Wednesday, the panel will not vote until Thursday on legislation to regulate over-the-counter derivatives.
"We will hold off the votes on this bill until 10 o'clock tomorrow morning," Frank said midway through a Wednesday working session on the bill.
Frank said the committee would move Wednesday afternoon to considering another proposal -- legislation from the Obama administration calling for setting up a Consumer Financial Protection Agency. (Reporting by Kevin Drawbaugh)
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What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read