Senate Democratic leaders on Thursday rejected Republicans' objections to a financial reform bill and said they would bring the legislation to a floor vote next week.

While Republicans continued to argue the bill would not end "too big to fail," and was littered with loopholes, Democratic leaders said the time for compromise has passed. "We are hoping to get it to the floor next week," Senate Majority Leader Harry Reid said at a press conference. "We have been working on this for months coaxing … cajoling."

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.