The House of Representatives on Wednesday adopted legislation to revamp the nation's financial regulatory system. It was a party line vote that illustrated how the partisan acrimony gripping Congress prevented cooperation, even on the universally shared goal of averting future economic crises and government bailouts of big banks.
The Senate is also expected to approve the measure, but the majority leader, Harry Reid of Nevada, said that he would not be able to schedule a vote until after Congress returned from a weeklong recess for the Fourth of July.
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