The story

Senate Republicans on Thursday blocked efforts to give bankruptcy courts more power to stave off home foreclosures, a move the chamber's Democratic leader called "a big mistake."

"The people on Wall Street are high-fiving. They just won again," Senate Majority Leader Harry Reid, D-Nevada, said after the vote.

"The big banks just won again. The mortgage bankers won again. Oh, there are a few losers out there, like millions of consumers -- millions of people who are going into foreclosure or are about to go into foreclosure. They lost." Read full article »

CNN's Ted Barrett contributed to this report.

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