By Kevin Drawbaugh and Andy Sullivan
updated 7:21 p.m. CT, Wed., May 19, 2010
WASHINGTON - In a setback for the Obama administration, Senate Democrats failed to muster enough votes on Wednesday to end debate on the biggest overhaul of financial regulation since the 1930s, delaying a vote on passage.
But analysts still expect the legislation eventually to pass. More debate on amendments was likely, with banks on alert for changes that could threaten their profits. Senate Democratic Leader Harry Reid scheduled another vote for 2:30 p.m. EDT Thursday.
No comments:
Post a Comment