McConnell Says Financial Bill Not Ready

The Senate's Republican leader says the financial overhaul bill isn't ready for a full Senate debate.

But Kentucky Sen. Mitch McConnell isn't saying that Republicans have enough votes to prevent Democrats from beginning debate on the bill. Democrats want to have a test vote as early as Monday and begin debating the bill this week.

McConnell says he thinks there's a good chance Democrats and Republicans eventually will reach an agreement on the plan.

Republicans oppose some provisions of the measure, especially a multibillion-dollar bailout fund. Democrats say that proposal and other initiatives are aimed at preventing another financial meltdown.

McConnell appeared on "Fox News Sunday."