Financial Reform

The finance bill, according to Obama, “will help foster innovation, not hamper it.” So what does the bill seek to accomplish on Wall Street?

The surge from yesterday is expected to continue into trading today as investors respond to strong earnings reports from major banks.

Roughly two years after the financial crisis paved the way for the worst recession since the 1930’s, the Senate passed the sweeping measure in a 60-39 vote.

After months of behind-the-scenes wrangling and publicly traded barbs on both sides of the aisle, Senate Democrats announced Tuesday that they have the 60 votes needed to thwart Republican stall tactics and pass financial reform regulation.