Sen. Susan Collins (R-Maine) emerged from a meeting with Treasury Secretary Tim Geithner on Monday to announce she would join a GOP filibuster of Wall Street reform.
The decision delivers a significant blow to Democrats, who had seen Collins as one of the most likely GOP votes in favor of a financial overhaul bill, and throws into question their legislative agenda for the week.
Senate Majority Leader Harry Reid (D-Nev.) had hoped to move forward with legislation approved by the Senate Banking Committee as early as Wednesday, and Democrats since last week had been increasing the pressure on Republicans not to stand in the way.
Full story: Dems dealt setback on Wall St. bill – TheHill.com