Obama Touts Being ‘On The Verge of Victory’ on Financial Reform

By MichaelJames

Jun 26, 2010 6:00am

ABC News' Sunlen Miller reports:

As he heads into the G20 meetings in Toronto this weekend, President Obama said that at home the administration’s made “great progress” on financial regulatory reform and encouraged Congress to finish the finish line.

“As I speak, we are on the cusp of enacting the toughest financial reforms since the Great Depression,” Obama said in his weekly address. “I urge Congress to take us over the finish line and send me a reform bill I can sign into law, so we can empower our people with consumer protections and help prevent a financial crisis like this from ever happening again."

President Obama said that “90 percent of the reforms” in the bill are those that he first proposed – and ticked though what the bill would do, with though who fought for it “on the verge of victory.”

“Put simply, we’ll end the days of taxpayer-funded bailouts and help make sure Main Street is never again held responsible for Wall Street’s mistakes.”

Asked by a reporter on Friday if he could get the bill through the Senate, Obama answered, “You bet.”

- Sunlen Miller

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