Financial Reform Fails ... Senate Will Try Again Tomorrow

More

The Senate voted late Wednesday afternoon to end debate on financial reform, and Democrats couldn't muster the 60 votes they needed. Two Democrats broke from their party for a 57-42 final tally. 


The Atlantic Business Channel's Daniel Indiviglio explains why: Washington's Maria Cantwell wants the Senate to hear her amendment to reinstate Glass-Steagall, the rule that would prevent retail banks from doing some types of investment banking; Wisconsin's Russ Feingold, one of the more liberal Democrats in the Senate, says the bill wouldn't end "too big to fail," and he sounds as if he also wants Cantwell's amendment included.

The Senate will vote again tomorrow, according to Senate Majority Leader Harry Reid's spokesman Jim Manley. If Democrats stay unified and move forward with 60 votes tomorrow, it will be another 30 hours before a final vote can be taken.
Jump to comments
Presented by

Chris Good is a political reporter for ABC News. He was previously an associate editor at The Atlantic and a reporter for The Hill.

Get Today's Top Stories in Your Inbox (preview)

CrossFit Versus Yoga: Choose a Side

How a workout becomes a social identity


Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

CrossFit Versus Yoga: Choose a Side

How a workout becomes a social identity

Video

Is Technology Making Us Better Storytellers?

The minds behind House of Cards and The Moth weigh in.

Video

A Short Film That Skewers Hollywood

A studio executive concocts an animated blockbuster. Who cares about the story?

Video

In Online Dating, Everyone's a Little Bit Racist

The co-founder of OKCupid shares findings from his analysis of millions of users' data.

Video

What Is a Sandwich?

We're overthinking sandwiches, so you don't have to.

Video

Let's Talk About Not Smoking

Why does smoking maintain its allure? James Hamblin seeks the wisdom of a cool person.

Writers

Up
Down

More in Politics

Just In