Update: Test vote fails as GOP and Sen. Ben Nelson side with the pirates of Wall Street over Americans

by

Posted by AzBlueMeanie:

Financial-crisis-promo_190

Senate Democrats failed to muster enough votes Monday to take up Wall Street reform, with Sen. Ben Nelson, D-Neb., voting against a proposal to officially start debating the Wall Street reform legislation before other lawmakers on a Senate Banking panel negotiate a deal. Senate debate on Wall Street reform delayed:

That move made it impossible for Democrats to get 60 votes to push the legislation forward.

The official vote was 57-41 in favor of moving forward. Senate Majority Leader Harry Reid, D-Nev., switched his vote from "yes" to "no," in a procedural move that allows him, under the Senate rules, to bring the bill up again for another vote later this week.

Two GOP senators, Christopher Bond of Missouri and Robert Bennett of Utah, did not vote.

* * *

The White House issued a statement from President Obama expressing his disappointment in the vote and urging the Senate to "get back to work and put the interests of the country ahead of the party."

Democrats and Republicans still disagree about the way to go about preventing future bailouts, cracking down on risky bets and ensuring consumers have stronger protection.

Sen. Richard Shelby, R-Ala., the ranking member on the banking panel, met again Monday with Sen. Christopher Dodd, D-Conn., who runs the banking panel. But the two remain far apart on key details, and, according to Republican congressional staff aides, their staffs have not met since Thursday to hash out differences on paper.

"My goal and Sen. Dodd's goal is to get a bill first in principle, and then there's a lot of work to be done, working together," Shelby said.

Shelby added that he'd like to get a bill completed "this week or next," or "as soon as we can." But Shelby and Dodd have been talking over many of the same issues for months.

Discover more from Blog for Arizona

Subscribe to get the latest posts sent to your email.

1 thought on “Update: Test vote fails as GOP and Sen. Ben Nelson side with the pirates of Wall Street over Americans”

  1. the Republicans are thwarting Wall street Reform, huh??? As my dear departed mother used to say: “What people do to themselves even their worst enemies wouldn’t do to them”. Let the country know who wants to permit Wall Street to continue pillaging the working folks – that should be useful information for the 2010 election!!!

Comments are closed.