House passes financial reform bill

The House of Representatives voted 237 to 192 Wednesday for a House-Senate compromise on financial reform, media reported Thursday.

But the Senate must also approve the package, and that vote won't happen before mid-July, despite a recent push by Democrats to send the bill to the president by July 4.

The 237-192 House vote split sharply along partisan lines. Only three Republicans voted for the bill — Anh "Joseph" Cao of Louisiana, Michael Castle of Delaware and Walter Jones of North Carolina. Nineteen Democrats voted against it.

Source: Xinhua