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 ObamaMontana governor raises profile ahead of potential 2020 bid Trump was right to ditch UN’s plan for handling migrants Ex-White House stenographer: Trump is ‘lying to the American people’ 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 CollinsThe Hill's Morning Report — Russia furor grips Washington Overnight Health Care: Novartis pulls back on drug price hikes | House Dems launch Medicare for All caucus | Trump officials pushing ahead on Medicaid work requirements Senate panel to vote next week on banning 'gag clauses' in pharmacy contracts MORE voted in support of the motion.
Democratic Sens. Russ Feingold (Wis.) and Maria CantwellMaria Elaine CantwellSenators share their fascination with sharks at hearing Poll: Majority of Americans support Roe v. Wade The Hill's Morning Report — Sponsored by Better Medicare Alliance — Protests and anger: Washington in turmoil as elections near 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.