Financial overhaul passes the senate

After months of debate and attacks from both sides of the aisle, the Senate passed a financial regulatory bill by a 59-39 vote Thursday. The biggest change in the bill is the creation of an agency whose sole job is to monitor fairness of any product that is bought by the consumer. Next, the Senate and House versions of financial reform have to be reconciled and combined before heading to the president’s desk, perhaps as early as the Fourth of July.

The Takeaway’s Washington correspondent Todd Zwillich and Newsweek columnist Dan Gross share some of the key aspects of the bill.