Washington - Today, Senate Republicans voted unanimously for the third time in three days to prevent a debate on the Wall Street reform bill from even starting. They forced a 60 vote threshold on the motion to proceed to the legislation, and without a single Republican vote in favor, it fell short.
U.S. Senator Robert Menendez (D-NJ), a member of the Banking Committee who has helped to craft the Wall Street reform legislation, released the following statement after the vote:
"In this situation, the third time's a charm only for Wall Street. As Republicans continue to employ their Wall Street protection strategy, millions of families who are facing tough times are wondering why Republicans won't help protect them instead. They watched the Goldman Sachs hearings yesterday and wondered who could possibly defend the current free-for-all system and block beginning a debate on Wall Street reform. My colleagues and I who believe strongly that we need to implement accountability on Wall Street will continue fighting to overcome the Republican-Wall Street coalition."