U.S. Senate is poised to vote on the reform bill this week

U.S. Senate Majority Leader Harry Reid, D-Nev., said he plans to move toward a final vote on legislation to overhaul financial regulation by the end of the week, after Democrats secured the 60 votes needed. Approval by the Senate would mean the legislation would be sent to President Barack Obama for his signature. Obama said the bill would help prevent a repeat of the financial crisis. "I urge the Senate to act quickly so I can sign it into law next week," Obama said.

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