Cloture Filed

Harry Reid has filed for cloture on the financial regulation bill. All 41 Republicans indicated about a week ago that they’re prepared to filibuster and prevent it from being taken up for consideration. But more recently, key Republicans have indicated that they’re near a deal with Chris Dodd. By setting the clock running, Reid ensures that either Republicans need to work something out over the weekend or else all 41 are going to have to go on record as blocking efforts to crack down on Wall Street abuses.