US financial reform to be debated after Republicans cave in
After three attempts to block debate on financial reform, Senate Republicans gave in last night and agreed to let the bill through.
After three days of blocking tactics, the Republican minority in the US Senate Banking Committee agreed last night to allow discussion of a financial reform bill on the Senate floor. The full Senate unanimously agreed to start debate in a procedural vote yesterday evening.
Banking committee chairman Chris Dodd welcomed the news, saying: "It is time for this debate to begin." He criticised his opponent, the leader of the committee's Republican minority Richard Shelby, saying: "I cannot agree to
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