US Senate to take up Wall St bill next week -aide

The U.S. Senate will likely not take up a bill to overhaul financial regulations until next week, a Senate Democratic aide said on Tuesday.

Democrats had hoped to take up the bill on Thursday, the same day President Barack Obama pushes for reform in New York, but the Senate will likely spend the entire week on stalled nominations, the aide said.

Meanwhile, Vice President Joe Biden said on Tuesday the U.S. economy is on the mend, but job creation remains a major challenge.

"Continued weakness in job creation remains a major challenge," he said in a speech in Washington.

"It (reform) must block banks from steering clients toward a pit of toxic investments with one hand while betting against those very investments with the other hand," he said in a speech in Washington.

Reuters