The Senate is scheduled to begin debate on financial reform today with the aim of casting a vote Thursday, but disputes over the legislation as well as spending and other unrelated matters could delay voting until next week.

Sen. Phil Gramm, the Banking Committee chairman, is refusing to budge on powers for bank subsidiaries and changes to the Community Reinvestment Act. Democrats are threatening to stall the bill with extraneous amendments or a filibuster unless they are allowed to offer pro-CRA and other amendments.

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