David W. gave a summary of where the Senate stands this morning, and as of yet there isn't a whole lot of movement towards action on the bill, though Dodd and Shelby reached agreement on a sticking point--the $50 billion liquidation fund. Instead of creating a standing fund, the fund would be paid for after the fact through fees on financial firms.
But that's not enough for Republicans to stop resisting real movement on the bill, and reaching agreement on how to proceed with amendments. And it's got Harry Reid very frustrated at having broken the GOP filibuster in order to begin debate.
[D]ebate means amendments, and amendments mean votes, and there have been precisely zero of those since the logjam broke. Why not? Apparently, it's because Republicans are unwilling to bring up their own amendments for the time being.
"This is really something," said Senate Majority Leader Harry Reid, visibly angry on the floor yesterday. "[The GOP] will not let us vote on amendments [they] offered, amendments that we've agreed to--they won't let us vote on them."
Supposedly Shelby has been holding out for this agreement on liquidation, this amendment and has agreed to a vote. On the floor, Chris Dodd says to expect a vote today. So stay tuned.