Landmark US banking bill faces final vote this week


WASHINGTON: President Barack Obama on Tuesday secured the 60 votes he needs in the Senate to pass a sweeping overhaul of US financial regulations, all but ensuring that he soon will sign into law one of the top initiatives of his presidency.

With the votes in hand to overcome Republican delaying tactics, Senate Majority Leader Harry Reid said on Tuesday he hoped for final passage today. The House of Representatives already has passed the bill.

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