Senate Majority Leader Harry Reid plans to push a key procedural vote on the financial regulatory bill Monday even though it appears Democrats do not have the votes to approve it.
Minority Leader Mitch McConnell, meanwhile, told "Fox News Sunday" that he doubts any vote will happen because he believes he has the 41 votes necessary to uphold a filibuster of the legislation, according to The Hill.
The plan is for Reid to hold the vote even though top senators on the banking committee said they are nowhere near agreement on the bill.
Asked to confirm a report that the vote will happen on schedule, Reid spokeswoman Regan Lachapelle told The Hill, "Yes, that has been the plan all along. Before we left last week we set a vote for cloture on the motion to proceed for tomorrow at 5 p.m."
The vote Monday would allow senators to open formal debate on the measure designed to rein in large banking and investment firms many blame for the 2008 financial crisis.
Read the full story at
The Hill
© 2025 Newsmax. All rights reserved.