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Obama Pushes for Quick Approval on Financial Reform

   VOA News 26 June 2010
   President Obama records his weekly address for June 26, 2010

Photo: White House - S. Appleton

   President Obama records his weekly address for June 26, 2010

   U.S.  President Barack Obama is asking lawmakers to approve a sweeping
   financial reform bill as soon as possible, saying the country needs it
   in order to build a strong economy.
   Mr. Obama said in his weekly address Saturday that the U.S. stands "on
   the  verge  of  victory" after members of the House of Representatives
   and   the  Senate  hammered  out  the  final  details  of  the  reform
   legislation early Friday.
   The  new  bill  contains  provisions to protect consumers and to limit
   risky financial practices blamed for sparking the global recession.
   The  bill  still  needs  the  approval  of the full House and Senate.Â
   Leading lawmakers say they expect President Obama will be able to sign
   the bill into law by July 4.
   In  the  Republican  party's  weekly address, Representative Paul Ryan
   from  the central state of Wisconsin called on the president to create
   more jobs and not increase the country's debt.
   Ryan  said  the  U.S. government should not spend money left over from
   the county's bank bailouts and economic stimulus efforts.

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