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Senate passes sweeping financial overhaul legislation

The vote is a major victory for President Obama and Democratic leaders two years after the mortgage meltdown. Nearly two years after a financial crisis triggered the worst recession since the Great Depression, the Senate approved bold and controversial legislation aimed at preventing a repeat and set the stage for a showdown over the issue in this fall's midterm elections.

Senate Passes Financial Overhaul

The vote is a major victory for President Obama and Democratic leaders two years after the mortgage meltdown. Nearly two years after a financial crisis triggered the worst recession since the Great Depression, the Senate approved bold and controversial legislation aimed at preventing a repeat.

Financial overhaul clears Senate hurdle

Sen. Olympia Snowe (R-Maine) talks to reporters after voting for the bill. ( Mark Wilson / Getty Images ) Nearly two years after a financial crisis triggered the worst recession since the Great Depression, the Senate approved bold and controversial legislation aimed at preventing a repeat and set the stage for a showdown over the issue in this fall's midterm elections.

Sweeping financial overhaul approved

Sweeping financial overhaul approved