GOP Blocks Wall Street Reform Debate

A united GOP caucus just blocked a motion to begin debate on Wall Street reform legislation, which needed 60 votes pass. The vote today wasn't on a specific financial regulation package -- it was just a motion to begin debate.

Kit Bond was one of two Republicans who did not vote on the bill, though he is on record supporting the GOP obstruction.  

Obama's response, via Greg Sargent:

“I am deeply disappointed that Senate Republicans voted in a block against allowing a public debate on Wall Street reform to begin. Some of these Senators may believe that this obstruction is a good political strategy, and others may see delay as an opportunity to take this debate behind closed doors, where financial industry lobbyists can water down reform or kill it altogether. But the American people can’t afford that…I urge the Senate to get back to work and put the interests of the country ahead of party.”

 

 

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