26 April 2010

Vote looms over US finance reform

Vote looms over US finance reform

US senate prepares to take up the fight over financial regulations.

Democratic leaders in the US senate are preparing for a test vote on sweeping financial regulatory reform expected to take place in congress on Monday.

The bill would create a consumer protection agency and give the US government the power to dismantle large, troubled financial firms.

Barack Obama, the US president, has said the changes are essential to help rebuild the US economy from recession and prevent a repeat of the 2008 meltdown.

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