Treasury Secretary Timothy Geithner says the Obama administration is hopeful of attracting Republican support for a financial overhaul measure pending in the Senate. He predicts the legislation can be approved quickly.
Geithner, speaking to reporters at Treasury, said Thursday that he believed the administration was on the verge of gaining approval for an overhaul bill that would have strong protections for consumers.
The Senate Banking Committee approved a measure on Monday on a party-line vote with no Republican support. To be able to overcome the threat of a filibuster, Democrats will need to attract Republican votes when the measure comes up for debate in the full Senate.
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