News > Politics
Brown will back financial overhaul
Loading ...Senator Scott Brown yesterday helped put President Obama on the verge of a major political triumph by coming out in support of a massive financial regulation overhaul, probably giving Democrats enough votes to pass the landmark bill as early as this week.
Hours after Brown’s announcement, Senator Olympia Snowe joined her fellow Maine Republican, Senator Susan Collins, in backing the legislation. Senate Democrats believed the support from the trio of New Englanders puts the measure on track for passage.
Following nearly two weeks of closely watched public indecision, Brown ended the suspense by issuing a written statement yesterday pledging support for the legislation.
“It includes safeguards to help prevent another financial meltdown, ensures that consumers are protected, and it is paid for without new taxes,’’ Brown said, adding, “further reforms are still needed to address the government’s role in the financial crisis.’’
Senate majority leader Harry Reid said he expected to hold a vote on the legislation this week, sending it to Obama for his signature.
Continue Reading at The Boston Globe.
You might also like
|
|
|
|
|
