Senate votes 60-40 to end debate on Wall Street reform legislation

Senate votes 60-40 to end debate on Wall Street reform legislation

The Senate voted 60-40 on the cloture motion. The chamber had failed Wednesday to end debate on the measure.


 
President Barack ObamaBarack Hussein ObamaGOP rep: North Korea wants Iran-type nuclear deal Dems fear lasting damage from Clinton-Sanders fight Iran's president warns US will pay 'high cost' if Trump ditches nuclear deal MORE declared victory after the vote over the lobbyists and special interests he said had tried to kill or water down the bill.
 
“I think it’s safe to say these efforts have failed,” Obama said in comments from the Rose Garden. He also said the battle was not over. The Senate bill, once it is approved by that body, must by reconciled with legislation approved by the House.
 

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The 60-vote margin on cloture was ensured when Sen. Scott Brown (R-Mass.) switched his vote in favor of the legislation. Sen. Arlen Specter (D-Pa.), who was absent Wednesday, voted in support on Thursday.


 
Maine Republican Sens. Olympia Snowe and Susan CollinsSusan Margaret CollinsSenate Dems hold floor talk-a-thon against latest ObamaCare repeal bill Ryan: Graham-Cassidy 'best, last chance' to repeal ObamaCare Collins skeptical of new ObamaCare repeal effort MORE voted in support of the motion.
Democratic Sens. Russ Feingold (Wis.) and Maria CantwellMaria Elaine CantwellSenate energy bill is misguided gift to Trump’s dirty fossil fuel agenda Help states solve their housing problems with the Affordable Housing Credit Improvement Act Time to pass the U.S. OUTDOOR Act to support American jobs and consumers MORE (Wash.) voted against ending debate.
 
Obama thanked the senators who voted for cloture Thursday, specifically singling out Senate Finance Committee Chairman Chris Dodd (D-Conn.), who is retiring at the end of this Congress.
 


This story was posted at 2:55 p.m. and updated at 5 p.m.