Breaking News: House passes major Wall Street regulatory reform

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***USATODAY.com Breaking News***

WASHINGTON - The House has passed a sweeping overhaul of financial regulations that would govern Wall Street and reconfigure the power of the agencies overseeing the nation's banking system. The vote was 223-202. The legislation is designed to address the shortfalls that led to last year's calamitous financial meltdown and will give the federal government the right to break up big risky companies, the Associated Press reports.

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