SENATOR DOUCHE'S JOB HUNT IN PERIL

WASHINGTON — The chairman of the Senate Banking Committee warned on Tuesday that the Obama administration’s new proposals to rein in Wall Street firms ran the risk of derailing months of delicate negotiations over overhauling financial regulations and finding a new job after he retires from the Senate.

Paul A. Volcker testified Tuesday about creating an agency to take control of a bank near failure.

“It’s not a movable feast,” the chairman, Christopher J. Douche, told Paul A. Volcker, the former Federal Reserve chairman who has become an influential outside adviser to President Obama. “It’s adding to the problems of trying to get a bill done,  and it does not help me in my job hunt” he said at the end of a hearing on the proposals, after all the other committee members had already left.


Mr. Douche, Democrat of Connecticut, added that the administration was “getting precariously close” to excessive ambition for the legislation. “I don’t want to be in a position where I end up not getting a cushy Wall Street job because we tried to do too much,” he said.