US senate approves landmark financial bill
Published:Thursday | July 15, 2010 | 5:42 PM
The US Senate has approved a landmark bill designed to overhaul the US financial system, by 60 votes to 39.
Earlier this month, the reform bill was passed by the US House of Representatives.
The vote is the culmination of months of political wrangling after US president Barack Obama committed to overhauling the banking sector after the 2008 financial crisis.
The reforms are designed to reduce the risks that banks take and prevent future crises.