Apr 27, 2010

Bank bill is down - for now

On a mostly partisan vote, the Senate voted Monday afternoon to prevent the start of formal debate of legislation to overhaul financial regulation blocking a far-reaching Democratic bill to control Wall Street.

Sen. Ben Nelson (D-Neb.) joined Republicans in voting to prevent debate from proceeding.

When there was no doubt the bill would fail, Senate Majority Leader Harry Reid (D-Nev.) also voted no, which will allow him to reintroduce the measure later.

By the way, did Ben Nelson vote with the Republicans in an attempt to redeem himself with Nebraska voters for his sell-out vote on ObamaCare?

More here