Financial Reform Gets Closer ... Much Closer, Thanks to Scott Brown

Wall Street reform cleared its latest hurdle today, passing what might be its biggest test: getting 60 votes in the Senate.

The reform bill passed on a 60-40 vote, with one Republican voting "yea." Who? You guessed it: Scott Brown, the Massachusetts Republican who took Democrats' supermajority away when he defeated Martha Coakley.

Brown reportedly had an intense talk with Majority Leader Harry Reid on the Senate floor yesterday, when he voted "no" on the same procedural measure. Later, Reid said at a news conference that a senator "broke his word to me," and Brown reportedly confirmed that Reid was referring to him.

But now, thanks to Brown, the 60-vote hurdle has been cleared.

What's next: a final, up-or-down vote on the financial reform bill, which is almost certain to pass (only 50 votes will be needed), then a conference committee to merge the Senate bill with the House's more aggressive package, which the lower chamber passed in December. Then each chamber will vote again on the final version.

Brown apparently received some pressure from Organizing for America activists leading up to this vote. According to an OFA official, members placed 922 calls to Brown's office in the two hours before the Senate voted this afternoon.
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.

Riding Unicycles in a Cave

"If you fall down and break your leg, there's no way out."

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

Riding Unicycles in a Cave

"If you fall down and break your leg, there's no way out."

Video

Carrot: A Pitch-Perfect Satire of Tech

"It's not just a vegetable. It's what a vegetable should be."

Video

An Ingenious 360-Degree Time-Lapse

Watch the world become a cartoonishly small playground

Video

The Benefits of Living Alone on a Mountain

"You really have to love solitary time by yourself."

Video

The Rise of the Cat Tattoo

How a Brooklyn tattoo artist popularized the "cattoo"

More in Politics

Just In