Senate Passes Financial Regulation Bill

By a vote of 59-39, the Senate has passed a financial regulation bill:

President Barack Obama on Thursday moved to the cusp of winning a major overhaul of Wall Street, following the worst financial crisis since the 1930s.

The Senate on Thursday voted 59-39 to support the sprawling 1, 500-page bill that now heads to a conference between the House and Senate. Four Republicans joined Democrats in support of the bill.

Democratic Sens. Maria Cantwell (Wash.) and Russ Feingold (Wis.) opposed the bill.

Republican Sens. Scott Brown (Mass.), Susan Collins (Maine), Olympia Snowe (Maine) and Charles Grassley (Iowa) supported the bill. Sens. Arlen Specter (D-Pa.) and Robert Byrd (D-WVa.) were absent.

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