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Reid Schedules Third Vote on Financial Reform This Afternoon

Senate Majority Leader Harry Reid (D-Nev.) has scheduled a third cloture vote on financial regulatory reform for Wednesday afternoon at 12:20 p.m. But Republican sources say the outcome of the vote is likely to be the same as the first two — with all GOP Senators and one Democrat voting against bringing the measure to the floor for debate.

The first two votes, held Monday evening and Tuesday afternoon, respectively, failed 57-41. Reid needs to secure 60 votes to bring the measure up for debate, and he plans to keep trying to meet that threshold. Republicans have said they will continue to block the measure until a bipartisan deal on the issue is reached.

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