Senate GOP blocks financial regulation bill again - Spokane, North Idaho News & Weather KHQ.com

Senate GOP blocks financial regulation bill again

WASHINGTON (AP) - For the second day in a row, Senate Republicans have blocked action on legislation to impose greater federal control on the nation's financial industry.

The vote was 57-41, three short of the 60 needed for Democrats to advance their measure. A third test vote is expected on Wednesday. Democrats accuse Republicans of trying to block legislation as a favor to Wall Street. GOP leaders say that's not so and are circulating options they say could form the basis for compromise.

 

(Copyright 2010 by The Associated Press. All Rights Reserved.)

 

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