Financial Reform Fails Crucial Test

The Democrats failed on a crucial cloture vote for financial reform on Wednesday, falling short of the 60 votes needed to move the bill forward. Democratic Senators Russ Feingold and Maria Cantwell both voted “nay,” while Maine Senators Olympia Snowe and Susan Collins were the only Republicans to vote for cloture. The final vote was 57-42. Feingold and Cantwell were apparently angry that Senate Majority Leader Harry Reid called for the vote before their amendments had been considered.