House Democrats headed into the final stretch on a long-awaited Wall Street regulation bill Friday with two crucial and contentious votes looming before they can declare victory on one of President Barack Obama’s legislative priorities.
The sweeping regulatory overhaul aims to address the myriad conditions that led to last year’s financial crisis.
Test votes during two days of debate indicate that Democratic support for the underlying legislation will hold in final passage. Prodded by moderates, however, nearly half the Democrats teamed up with Republicans late Thursday to loosen restrictions on derivatives and reject tougher regulations.
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