Financial Overhaul Bill Clears Senate

The U.S. Senate has cleared the way for the final passage of a financial overhaul bill.

The bill calls for new ways to watch for risks in the financial system and makes it easier to liquidate failing financial firms.

But Senators must deal with two issues before voting on final passage banning commercial banks from carrying speculative trades with their own money and the exemption of auto dealers from oversight of the new Consumer Protection Bureau.


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