Republicans block action on financial regulatory bill

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Republican lawmakers stuck together Monday in preventing a massive financial regulatory bill from proceeding in the Senate, despite efforts by Democrats to portray the GOP as supporters of Wall Street — not Main Street.

In a key test vote Monday evening on the financial regulatory bill, all Republican senators — and one Democrat — voted to block debate on the legislation.

Sen. Oylmpia Snowe, R-Maine, and Sen. Ben Nelson, D-Neb., were among the lawmakers who objected to the bill moving forward. All 41 Republicans voted to prevent the debate from starting in order to give Banking Committee Ranking Republican Sen. Richard Shelby, R-Ala., a chance to continue negotiations on a compromise with committee chairman Chris Dodd, D-CT.

Full story: FOXNews.com – Republicans Block Action on Financial Regulatory Bill