Reid confident he has votes for cloture on Wall Street bill

Senate Majority Leader Harry Reid (D-Nev.) said Tuesday he believes he has enough Republican votes to move forward on the chamber's financial regulatory reform bill.

Several centrist Republicans have been rumored to be considering supporting the cloture vote scheduled to be held Wednesday. Reid said that "a number" of GOP senators have told him they will vote for cloture, but would not say how many.

"A number of Republican senators— have told me they will vote for cloture," he told reporters on Capitol Hill after a caucus luncheon.

Earlier Tuesday, Sen. Bob Corker (R-Tenn.), who has been a key negotiator on the bill, predicted that four or five Republicans will cross the aisle to move closer to a final vote on the bill.

The cloture vote Wednesday, if it passes, will start the countdown clock on the final vote for the bill. Cloture requires 60 votes to pass, and the final vote will only require the support of a simple majority of senators.

Several GOP amendments to the bill have been approved, but most Republicans remain opposed to the bill.

"We're disappointed in the direction of the so-called financial regulation bill, and increasingly it looks like it may have to be chalked up as another Washington takeover, this time of Main Street," Senate Republican Conference Chairman Lamar Alexander (R-Tenn.) said earlier Tuesday.

Republicans said they have been disappointed with the amendment process, saying the bill has gotten worse. A few Democrats have also voiced concern that their amendments will not be heard, but leaders are working on securing their support.

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