Obama admin supports trade ban measure - official

Newswire

WASHINGTON, May 20 (Reuters) - The Obama administration supports a regulatory reform bill amendment that would toughen rules against high-risk speculative trading but cautioned against passing it as part of another measure that would block stronger auto lending rules, an administration official said on Thursday. The official said the administration supports the amendment offered by Democratic senators Jeff Merkley and Carl Levin. "But we must not sacrifice protections for American ...

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