WASHINGTON — The Senate voted 60 to 38 this morning on a procedural vote to limit debate on financial regulatory reform legislation and is set to approve the bill this afternoon.
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Senate Banking Committee chairman Christopher Dodd, D-Conn., announced a compromise between Senate leaders to limit debate on the bill until 2:00 pm, at which time the lawmakers will vote on the budget point order raised by Sen. Judd Gregg, R-N.H.
Following that vote, the Senate is expected to vote on the final bill. While Democrats needed 60 votes to limit debate this morning, final approval of the package requires onlya simple majority of the full Senate.
