Financial-Reform Bill Fails Critical Test


The wait for the eagerly awaited “sweeping” financial regulatory bill continues, as Democrats failed on a cloture vote seen as critical for moving the bill forward. Two key Democrat senators — Washington’s Maria Cantwell and Wisconsin’s Russ Feingold — voted with the 39 Republicans to block the effort to end debate, as they said they do not believe the bill, as it stands now, sufficiently tightens regulations on Wall Street. [NYT]