Senate passes sweeping financial overhaul legislation
Reporting from Washington —
Nearly two years after a financial crisis triggered the worst recession since the Great Depression, the Senate approved bold and controversial legislation aimed at preventing a repeat — and set the stage for a showdown over the issue in this fall’s midterm elections.
The 60-39 vote Thursday was a major victory for President Obama and Democratic leaders and marked the second landmark overhaul — the first was healthcare reform — that the administration has pushed through Congress this year.
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Tags: america, comptroller, crisis, financial, Health, industry, massachusetts, obama, office, party, Politics
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on Friday, July 16th, 2010 at 7:00 am and is filed under Health, News, Politics, economy.
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