Tags: US | Financial | Overhaul | Obama

Obama 'Gratified' by Deal On Financial Overhaul

Friday, 25 Jun 2010 10:13 AM

 

President Barack Obama says he's "gratified" by the deal that Congress has worked out on overhauling Wall Street rules.

The president says a compromise reached overnight includes about 90 percent of what he wanted. He tells reporters that the deal represents the strongest financial reform since the Great Depression.

Obama made his remarks as he was leaving the White House on Friday to attend a summit of world leaders in Canada. He says he'll discuss financial rules at the summit because the recent financial crisis proves that the world's economies are linked.

The measure is heading for final votes in the House and Senate. Lawmakers hope it will reach Obama by July 4 and Obama is optimistic about the chances of passage.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

GOP Has at Least 25 Potential Candidates Lining Up for 2016

Monday, 26 Jan 2015 11:45 AM

The already wide-open field of potential GOP nominees appears to be expanding even more, with exploratory teams and stra . . .

Bill Clinton: Healthcare Begins With Grassroots 'Wellness' Efforts

Monday, 26 Jan 2015 06:55 AM

Former President Bill Clinton called for an intensified emphasis on wellness as opposed to fixing sickness, KESQ News re . . .

Michael Moore Continues Twitter Barrage on 'American Sniper'

Monday, 26 Jan 2015 09:14 AM

Filmmaker Michael Moore continued his attacks against the movie "American Sniper" on his Twitter account over the weeken . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved