Obama urges US senators to support financial reform

WASHINGTON, March 20 (BestGrowthStock) – U.S. President Barack
Obama urged lawmakers on Saturday to resist pressure to weaken
a financial reform bill and called again for an independent
consumer watchdog to help prevent future financial crises.

As healthcare reform reaches a make-or-break vote in the
House of Representatives on Sunday, Obama used his weekly radio
and Internet address to highlight what may become his next top
domestic priority: overhauling rules that govern Wall Steet.

Obama, who blames lax regulation for helping to spark the
U.S. financial crisis, laid out his case for a bill outlined by
Senator Chris Dodd that is expected to come up for debate in
the Senate’s Banking Committee on Monday.

“I urge those in the Senate who support these reforms to
remain strong, to resist the pressure from those who would
preserve the status quo, to stand up for their constituents and
our country,” Obama said.
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(Reporting by Jeff Mason; Editing by Peter Cooney)

Obama urges US senators to support financial reform