LOU WATERS, CNN ANCHOR: As we reported at top of CNN LIVE TODAY, the Senate debate over money and politics surrounding the McCain- Feingold campaign finance bill. The debate has begun in the United States Senate. We've heard from Senator John McCain. Now, we are hearing from Senator Harry Reid, who tried to interrupt McCain at the very beginning of his introductory remarks. Harry Reid, the Democrat from Nevada, is now addressing.</s>WATERS: That was Senator Harry Reid of Nevada as speaking even directly to Russ Feingold, one of the co-sponsors of the McCain- Feingold campaign finance reform bill, who's sitting right behind him. Speaking out in support of the bill. There is some alternative to the McCain-Feingold bill in the Senate. That would be the Chuck Hagel bill that limits but doesn't ban soft money contributions. So you're going to see many arguments for and against McCain- Feingold. For and against the Chuck Hagel bill. And for reforming the system over the next couple of weeks, you're going to see many amendments added to both Hagel and McCain-Feingold. So it's going to be complicated. It's going to be a firing week. It's going to be, actually, two weeks of debate on this bill before a vote is taken. And Senator John McCain, he expects, on a scale of one to 10, a six chance of the McCain-Feingold bill passing. So we'll continue to follow that as it goes along.
Senator Reid Speaks Out in Support of McCain-Feingold Bill