Tuesday, June 29, 2010

Finance Bill's Fate Uncertain in Senate - WSJ.com

Finance Bill's Fate Uncertain in Senate - WSJ.com:

WASHINGTON—The most sweeping overhaul of financial regulations since the 1930s is on a knife's edge as Democrats scramble to secure the Senate votes needed to pass the legislation.

The death of Sen. Robert Byrd (D., W.Va.) robs Democrats of a vote to push the bill toward final passage. Another Democratic senator, who voted against an earlier version of the legislation, said Monday he wouldn't support the final product either. And the late addition of a fee on banks and hedge funds to cover the cost of the legislation is roiling the few Republicans thought likely to vote for the package."

No comments:

Post a Comment