Wall Street Reform Bill Ready

After a difficult 20-hour session recently, lawmakers were able to come to a consensus on what they believe will be the final Wall Street reform bill.

Finishing as the sun began to rise, 43 lawmakers finalized agreements that they plan to send to their respective chambers. These agreements are expected to strengthen consumer protections, make complex financial products more transparent and create a new way to take down major failing firms while making them stronger to prevent failure in the first place. Now, Congress is that much closer to passing the bill, which they hope will be signed into law by President Barack Obama no later than July 4 (Wall Street Journal).