Tags: US | Financial | Overhaul | Obama

Obama 'Gratified' by Deal On Financial Overhaul

Friday, 25 Jun 2010 10:13 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

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 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
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:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Federal Agents Get Subsidized Obamacare Using Fake IDs

Wednesday, 23 Jul 2014 06:15 AM

Undercover investigators using fake identities were able to secure taxpayer-subsidized health insurance under President  . . .

Defiant Michael Bloomberg Flying to Tel Aviv to Protest FAA Ban

Tuesday, 22 Jul 2014 22:58 PM

A defiant former New York City Mayor Michael Bloomberg – in "solidarity with the Israeli people" – announced Tuesday nig . . .

Law Prof: Dueling ACA Rulings More About Federal Agencies' Power

Tuesday, 22 Jul 2014 22:28 PM

George Washington University Law School professor Jonathan Turley says the conflicting rulings on Obamacare subsidies ha . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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