Republicans talk tough on pending Wall St vote
REUTERS — 15 MINUTES AGO
By Thomas Ferraro
WASHINGTON (Reuters) - Senate Republicans vow to oppose a Democratic effort to begin debate next week on a proposed crackdown on Wall Street unless a bipartisan accord is reached, senior Republican aides said on Friday.
While some Republicans are expected to eventually back President Barack Obama's bid for financial regulatory reform, the two sides are skirmishing over Monday's vote on "cloture," which would start debate on financial reform.
Democrats need at least one of the 41 Republican senators to vote with them on Monday, but Republicans were standing firm, senior aides said. "We feel confident that all our senators will oppose cloture in order to continue bipartisan negotiations," one aide said.
"Republican leadership has commitments from all Republican senators to vote no unless there is an agreement on the legislation," another aide added.
President Barack Obama scolded Wall Street on Thursday for its "furious efforts" to fight tighter regulation, saying the United States was doomed to another financial crisis if reforms were not implemented
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https://news.fidelity.com/news/news.jhtml?articleid=201004231808RTRSNEWSCOMBINED_TRE63M55J_1&cat=Top.Investing.RT&IMG=NThis could become the GOP's "Crown of Thorns".