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Congress: The impasse ends

"Republicans ended their three-day filibuster of a financial regulatory overhaul Wednesday, reaching agreement with Democrats to begin debate on a bill aimed at curbing the risky investment practices that brought the U.S. economy to the brink of collapse," the Washington Post says. "After voting three times this week to block debate, GOP senators decided to reverse course and attempt to reshape the bill through the amendment process. The change in tactics came after Senate banking committee Chairman Christopher J. Dodd (D-Conn.) and the ranking Republican on the panel, Sen. Richard C. Shelby (Ala.), announced that they had again reached an impasse in their efforts to reach a bipartisan compromise." 

The New York Times: With political pressure mounting, Senate Republicans relented on Wednesday and agreed to let Democrats open debate on legislation that would impose the most far-reaching overhaul of the nation's financial regulatory system since the aftermath of the Depression." 

The New York Daily News: "Senate Republicans blinked Wednesday, ending their risky blockade of a bill to rein in Wall Street." 

Roll Call: "GOP Waves White Flag on Reform."

The Boston Globe: "The vote to move the bill forward came after Democrats threatened to meet through the night -- an attempt to further pressure Republicans and spotlight what some called their stalling tactics -- and after Republicans said they had reached an impasse in private negotiations with Democrats." 

A Senate Democratic aide emails First Read: "The only 'deal' Republicans got for allowing this debate to move forward was an open debate and the chance to offer amendments. We remain open to hearing Republican ideas on reform but let us be clear: we will fight any efforts to water down consumer protections or secure special loopholes for lobbyists in this bill."

Jim DeMint -- a.k.a. "Mr. Waterloo" -- on Obama in a radio interview: "The president is the one who put the kibosh on working together, and now he's just trying to use the mainstream media to confuse the American people. The fact is I think he thinks Americans are stupid, and he's going to play this out until he gets a headline in every paper that Republicans are obstructionist. The fact is, he's the one who's obstructing real bipartisanship."

Did you know that this is the "oldest Congress in U.S. history." "The average age of House members at the start of the 111th Congress was 57 years old -- 63 in the Senate -- making it the grayest on record," it writes. 

"Sen. Al Franken (D-Minn.), who took pains to distance himself from his 'Saturday Night Live' personas during his 2008 Senate run, will host a fundraiser with several of the show's alums this weekend in Los Angeles," The Hill reports.