Obama 'gratified' by deal on financial overhaul

President says deal the strongest financial reform since Great Depression


Associated Press
June 25, 2010 5:14PM (UTC)

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.

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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.


Associated Press

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