Wall St reform proposal wins key support

From the FINANCIAL TIMES:

US financial reform has enough votes to pass the Senate after three Republicans said they had decided to back the legislation.

The Obama administration  and senior Democrats in Congress need 60 votes to be sure of passing the bill in a much-delayed vote that could take place this week.

Scott Brown,  a Republican from Massachusetts, said the legislation “isn’t perfect” but welcomed “safeguards to help prevent another financial meltdown” and said he expected to vote in favour. Susan Collins and Olympia Snowe, two Maine Republicans, said they had also decided to back the bill…

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