WASHINGTON — Senate lawmakers Wednesday reached a bipartisan deal on how to wind down faltering financial firms, clearing the way for first votes on amendments to financial overhaul legislation.

The Senate will vote on the deal Wednesday afternoon, Sen. Christopher Dodd, D-Conn., said as he announced the final deal. The Senate is also expected to vote on an amendment offered by Sen. Barbara Boxer, D-Calif., intended to ensure that taxpayer dollars are never put at risk to prop up a failing financial firm.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.