April 28th, 2010
04:07 PM ET
5 years ago

McConnell signals end to GOP filibuster of Wall Street reform bill

Washington (CNN) – The Senate's top Republican signaled Wednesday that a GOP filibuster of Wall Street reform legislation will end.

Senate Minority Leader Mitch McConnell, R-Kentucky, released a statement saying closed-door negotiations with Democrats on the financial regulations reform bill had ended with agreement on some issues but others left unresolved.

"Now that those bipartisan negotiations have ended, it is my hope that the majority's avowed interest in improving this legislation on the Senate floor is genuine and the partisan gamesmanship is over," McConnell's statement said.

Unanimous opposition by Senate Republicans this week has prevented approval of three successive motions to begin debate on the bill.

McConnell's statement indicated that Republicans now will allow debate to proceed and attempt to amend the legislation on the Senate floor.

Updated: 4:14 p.m.


Filed under: Financial Reform • GOP • Mitch McConnell • Senate • Wall Street
soundoff (68 Responses)
  1. Charlie in Maine

    Good. Now get er done.

    April 28, 2010 04:10 pm at 4:10 pm |
  2. Steph

    Frist, do any of the Republicans think for themselves? Their allmighty leader Mitch signals them to vote a different way so they will. Second, I bet they just didn't want to work during the evening hours. I worked a swing shift for a few years. I sure wish I could have decided not to word during the evening hours.

    April 28, 2010 04:12 pm at 4:12 pm |
  3. GI Joe

    Leader??

    Don't you mean "Brown-Shirt Dictator?"

    April 28, 2010 04:14 pm at 4:14 pm |
  4. notfooledbydistractions

    And the purpose of the stalling was...nothing. Quit wasting our time and do your job Mr. McConnell. Nothing ends a fillibuster like the threat of an all night session. Lazy useless republican legislators are stealing from us every day – collecting their paychecks and doing nothing to earn them.

    April 28, 2010 04:14 pm at 4:14 pm |
  5. Anonymous

    So The Republican't Parties corporate masters have given them the green light to allow democracy to break out in the Senate?

    Bully for them!

    Pathetic!

    April 28, 2010 04:18 pm at 4:18 pm |
  6. Casey

    So, what "bipartisan" agreements had to be reached behind closed doors? What was it about them that meant they couldn't be discussed on the floor of the senate? Do tell.

    April 28, 2010 04:19 pm at 4:19 pm |
  7. Ben in Texas

    Mitch the Twitch is feeling the heat. Too uncomfortable being so obviously in bed with Wall Street, so they will "negotiate", meaning they will find a different way to obstruct. The Party of No rides again!

    April 28, 2010 04:19 pm at 4:19 pm |
  8. Liberal4Obama

    Why. Did the Wall Street checks stop?

    April 28, 2010 04:19 pm at 4:19 pm |
  9. Me! In Houston, Texas

    SOMEHTING SMELLS

    what did the Democrats give up? What did they cave in on? Did they give in to Warren Buffet's demands? Are they taking the teeth out of the bill? WHAT?!?
    This is why people who support the democratic party and it's opponents think that Dem elected officials are such wimps!

    CNN , the questions listed above are the ones that YOU should have gotten the answer to BEFORE you posted this article

    April 28, 2010 04:21 pm at 4:21 pm |
  10. Stewart - Las Vegas

    Shock shock!

    The GOP is too late! Dems will take it to the wall street crowd, and next item will be..... Immigration Reform!!

    April 28, 2010 04:21 pm at 4:21 pm |
  11. Kevin Cantu

    Booo....Keep going at each others throats....I was enjoying myself and now you ruined it for me=(

    April 28, 2010 04:21 pm at 4:21 pm |
  12. Peter

    No the Republicans are worse than the nazis...they dont think for themselves they walk in lock step with their high and mighty overlords palin,mcconnel, bachman, beck and foreigner owned fox liars!!!

    April 28, 2010 04:24 pm at 4:24 pm |
  13. Dutch/Bad Newz, VA

    McConnell should change his name to McDonald because he's a clown. Just because both parties agreed on some issues, don't think for a second that the people want a watered down bill.

    April 28, 2010 04:24 pm at 4:24 pm |
  14. Jayne

    The Republicans LOVE Wall Street, we all know that.

    April 28, 2010 04:24 pm at 4:24 pm |
  15. Jeremy in Albuquerque

    Good Job Reid.

    April 28, 2010 04:24 pm at 4:24 pm |
  16. David

    At least he admitted the the GOP was conducting partisan gamesmanship.

    April 28, 2010 04:26 pm at 4:26 pm |
  17. SuperHiro

    Lol that was quick. Way to cave in there GOP.

    April 28, 2010 04:29 pm at 4:29 pm |
  18. Len Smith

    Great news, but they will not vote for regulation, so it is up to the Democrats to keep this country going. Republicans never seem to do anything for the average American, at least, not in my life time. Since Reagan they have run this country into debt as far as the eye can see. Just give it all back to the rich is their motto.

    April 28, 2010 04:31 pm at 4:31 pm |
  19. geecee

    Oh, really? You guys are finally done playing your neo-CON games? What a relief. Now, will you please go about the business of fixing this Country the way you are supposed to do and the reason for which you were elected? Stop with this childish one-ups-man-ship and get your job done, you Republican idiots!!!!

    April 28, 2010 04:32 pm at 4:32 pm |
  20. Hendrik

    HA, you were McConnell. You knuckled under you fool. Where did you think this was going to go. You look like a boy who just got whupped and who proclaims victory. Idiot!

    April 28, 2010 04:34 pm at 4:34 pm |
  21. Matt

    I wonder how watered down this will be. I hate Republicans, they are just like the KKK and other hate groups.

    April 28, 2010 04:34 pm at 4:34 pm |
  22. Wisconsinite

    "Now that those bipartisan negotiations have ended, it is my hope that the majority's avowed interest in improving this legislation on the Senate floor is genuine and the partisan gamesmanship is over," McConnell's statement said."

    What universe does McConnell reside in???? The "majority" hasn't been engaging in "partisan gamesmanship", Mitch! The MINORITY has by BLOCKING DEBATE ON THE SENATE FLOOR!!

    And . . . am I the only one who thinks that Mitch McConnell resembles a TROUT???!!!

    April 28, 2010 04:34 pm at 4:34 pm |
  23. Peter

    alas finally the games have come to an end...jikes will the Republican party ever care about the average American for once...just once??? not put party and nazi thinking lock step votes aside for the collective good of AMERICA???

    April 28, 2010 04:35 pm at 4:35 pm |
  24. Chipster

    Since 2/3 of Americans appear to support this legislation, I'm guessing that the GOP decided they need to stop being obstructionists with this issue – too much political damage.

    April 28, 2010 04:36 pm at 4:36 pm |
  25. PalmReaders

    Umm, Mitch. You lost. And looked, I might add, mighty silly all through this "informative" process.

    No cave in deals here. There was nothing in the offering to give up. GOPers had no real ideals from the start . . .except, of coarse, siding with Wall Street.

    April 28, 2010 04:37 pm at 4:37 pm |
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