© Reuters. FILE PHOTO: Senate Majority Chief Chuck Schumer (D-NY) arrives to a information convention to debate President Biden’s funds on Capitol Hill in Washington, U.S., March 9, 2023. REUTERS/Mary F. Calvert
By Moira Warburton
WASHINGTON (Reuters) – The US wants “sturdy laws” on banking regulation, Senate Majority Chief Chuck Schumer stated on Wednesday, “hopefully” one thing bipartisan.
Schumer made the feedback in response to a query on whether or not he would assist laws spearheaded by Democratic Senator Elizabeth Warren, which might reinstate banking laws and oversight rolled again beneath former President Donald Trump.
He declined to say whether or not he would assist the laws, insisting that he has religion in President Joe Biden, Treasury Secretary Janet Yellen and the U.S. Federal Reserve.
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