Republicans Delay Final Action on Financial Regulation Bill
WASHINGTON (AP) - Republicans have succeeded in blocking for the time being a final Senate vote on a massive financial regulation bill.
The two parties are still tussling over how to dispose of unresolved amendments. The vote 57-42 to cut off debate and move toward final passage.
Democrats needed 60 votes to accomplish that. Still left for the Senate to address are whether to exclude auto dealers from the oversight of a consumer financial protection bureau.
Other amendments still being considered would ban commercial banks from trading in speculative investments and impose state interest rate caps on credit card issuers.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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