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Jul 16, 2010

W.House eyes Warren for new U.S. consumer watchdog

WASHINGTON, July 16 (Reuters) – Elizabeth Warren, an
outspoken consumer rights advocate feared by Wall Street, is
among top contenders to head a new financial consumer watchdog
bureau, a senior White House adviser said on Friday.

“There are other candidates as well. But Elizabeth is
certainly a candidate to lead it,” adviser David Axelrod told
reporters on a conference call, calling Warren a “great
champion of middle-class consumers.”

Jul 16, 2010

Wounded Dodd guided Wall St reform to victory

WASHINGTON (Reuters) – For Senator Christopher Dodd, approval of the Wall Street reform bill that he co-wrote closes out two turbulent years of remarkable legislative success — an accomplishment often eclipsed by a career-ending political crisis.

The senior Connecticut Democrat will retire in several months after 30 years in national politics. Facing weak poll numbers and a wave of voter disenchantment with incumbents, Dodd decided months ago not to seek reelection.

Jul 16, 2010

Wounded Sen. Dodd guided Wall St reform to victory

WASHINGTON, July 16 (Reuters) – For Senator Christopher
Dodd, approval of the Wall Street reform bill that he co-wrote
closes out two turbulent years of remarkable legislative
success — an accomplishment often eclipsed by a career-ending
political crisis.

The senior Connecticut Democrat will retire in several
months after 30 years in national politics. Facing weak poll
numbers and a wave of voter disenchantment with incumbents,
Dodd decided months ago not to seek reelection.

Jul 16, 2010

Wall Street reform clears Congress

WASHINGTON (Reuters) – The Congress on Thursday approved the broadest overhaul of financial rules since the Great Depression and sent it to President Barack Obama to sign into law.

By a vote of 60 to 39, the Senate passed a sweeping measure that tightens regulations across the financial industry in an effort to avoid a repeat of the 2007-2009 financial crisis.

Jul 15, 2010

Wall St reform clears Congress, goes to Obama

WASHINGTON, July 15 (Reuters) – The U.S. Congress on
Thursday approved the broadest overhaul of financial rules
since the Great Depression and sent it to President Barack
Obama to sign into law.

By a vote of 60 to 39, the Senate passed a sweeping measure
that tightens regulations across the financial industry in an
effort to avoid a repeat of the 2007-2009 financial crisis.

Jul 15, 2010

Wall St reform passes, goes to Obama for signing

WASHINGTON (Reuters) – The U.S. Congress on Thursday approved the broadest overhaul of financial rules since the Great Depression and sent it to President Barack Obama to sign into law.

By a vote of 60 to 39, the Senate gave final approval to a sweeping measure that tightens regulations across the financial industry in an effort to avoid a repeat of the 2007-2009 financial crisis.

Jul 15, 2010

Wall Street bill clears crucial Senate hurdle

WASHINGTON (Reuters) – The broadest overhaul of U.S. financial rules since the Great Depression was on its way to becoming law on Thursday after it cleared a crucial hurdle in Congress.

By a vote of 60 to 38, backers squeezed out the minimum votes needed to clear a Republican roadblock in the Senate.

Jul 15, 2010

Wall Street bill nears the finish line in Congress

WASHINGTON, July 15 (Reuters) – The broadest overhaul of
U.S. financial rules since the Great Depression is likely to
clear a crucial hurdle in Congress on Thursday morning, paving
the way for President Barack Obama to sign the measure into
law.

Democrats are expected to muster the 60 votes they need –
if just barely — to advance the legislation in a vote likely
to take place around 11 a.m. (1430 GMT).

Jul 14, 2010

Stage set for final votes on U.S. Wall Street bill

WASHINGTON (Reuters) – U.S. Senate Democrats on Tuesday appeared to nail down the votes needed to approve a historic overhaul of U.S. financial regulations and set up a final vote by the end of the week.

Senate Democratic Leader Harry Reid scheduled a key vote for Thursday morning after Senator Ben Nelson, one of the chamber’s most conservative Democrats, said he would support the bill, which would be the broadest rewrite of the Wall Street rulebook since the Great Depression.

Jul 13, 2010

U.S. Wall St bill appears to have votes to pass

WASHINGTON (Reuters) – U.S. Senate Democrats on Tuesday appeared to nail down the votes needed to approve a historic overhaul of U.S. financial regulations and moved to set up a final vote on it by the end of the week.

Senator Ben Nelson, one of the Senate’s most conservative Democrats, said he would support the bill after earlier raising concerns about how regulators might implement it.