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

More
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.
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)

This Short Film Skewers Hollywood, Probably Predicts Disney's Next Hit

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


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

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

How Will Climate Change Affect Cities?

Urban planners and environmentalists predict the future of city life.

Video

The Inner Life of a Drag Queen

A short documentary about cross-dressing, masculinity, identity, and performance

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