Update: Senate Takes Up Financial Reform

Yesterday, the Senate changed its tune and decided to debate financial reform.  The New York Times reports:

At about 6:15 p.m., the majority leader, Harry Reid of Nevada, requested the unanimous consent of the Senate to begin debate, and there was no objection from the Republican side.

“Now let’s get to work,” Mr. Reid said. “And let’s do the utmost to make the American people proud of our efforts.” He added, “Wall Street needs reforming.”

Floor debate is expected to begin in earnest on Thursday and last at least two weeks, and lawmakers in both parties are likely to bring forward a long list of amendments.