Senate Republicans are running out the clock on Wall Street reform, reaping dividends from the long-term strategy of delaying Senate action on issues big and small since President Obama took office. From the routine nominations that have been filibustered to the months of useless bipartisan negotiations over health care, the GOP has been explicit: its goal has been to eat up floor time and stall any agenda it opposed.
Now that strategy is paying off. With a long line of progressive amendments that appear to have majority support waiting for a vote, Republicans are objecting to holding a vote. Under intense time pressure, Democratic leadership is working to wrap up the debate and a cloture vote could come as early as Wednesday afternoon.
After all, there's a war to fund. And an economy to deal with. And unemployment benefits expiring. And tax credits for business languishing.
Sen. Sheldon Whitehouse (D-R.I.) has an amendment to allow states to cap credit-card interest rates stalled. He called out the GOP tactic on the Senate floor.
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