Former CEO Jon Corzine testified before Congress on the bankruptcy of investment firm MF Global. Its swift collapse in late October recalled events leading to the financial crisis of 2008.
The former CEO of the bankrupt investment firm has been called before a congressional committee next week.
House and Senate conferees crafted a final version of financial reform legislation Friday. Both houses are expected to vote on the bill next week.
A successful vote Friday could give the administration momentum on its biggest priority: healthcare reform.
With competing bills in the House and Senate, Democrats struggle to agree on key climate and energy reforms.
Lawmakers agree that big financial institutions are in trouble. But they want more help for their constituents.
As deadline looms, lawmakers make a last-ditch effort to resolve funding and policy disputes.