Congressional leaders agreed on a $1.1 trillion spending bill to keep the U.S. government operating past Dec. 11 as Democrats accepted Republican demands to ease rules for banks, clean water and rest for truckers.
The banking provision would be a big victory for Wall Street, letting JPMorgan Chase & Co., Citigroup Inc. and other lenders keep swaps trading in units with federal backstops.
Senate Majority Leader Harry Reid earlier today said that though Democrats opposed the Republican-sponsored policy proposals, his party wouldn't be responsible for shutting down the government.
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