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Financial reforms grind forward in Congress (Reuters)

Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn., right, speaks with committee member Sen. Mark Warner, D-Va., during a news conference on Capitol Hill in Washington, Tuesday, Nov. 10,2009, to discuss financial reform. (AP Photo/Charles Dharapak)Reuters – The U.S. Congress edged closer on Wednesday to creating new government powers to break up giant financial firms, which Europe is already doing, while a U.S. derivatives market crackdown got more complicated.

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