Washington Post Staff Writer
Wednesday, April 28, 2010
Republicans ended their three-day filibuster of a financial regulatory overhaul on Wednesday, reaching agreement with Democrats to begin debate on the legislation.
After voting three times this week to block debate, GOP senators decided to reverse course and attempt to reshape the bill through the amendment process. The change in tactics came after Senate Banking Committee Christopher J. Dodd (Conn.) and the ranking Republican on the panel, Sen. Richard Shelby (Ala.), announced that they had failed to reach agreement on a bipartisan compromise.
In back to back Senate floor speeches, Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.) agreed to allow proceedings on the legislation to begin at 12:15 p.m. Thursday.
"It is my hope that the majority's avowed interest in improving this legislation on the Senate floor is genuine and the partisan gamesmanship is over," McConnell said. Reid said he would permit numerous GOP amendments to be considered, a pledge that some Republican senators had sought before lifting their objections.
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