As the President was preparing to depart for the G8 Summit in Canada, to be followed by the G20, he received some welcome news regarding efforts to avoid another global economic crisis. The House and Senate, having both passed their own versions of Wall Street Reform, had broken through with an agreement after a long final night of negotiations. The agreement is the final product of over a year of work, and a triumph over armies of lobbyists that most predicted would be able to gut reform the same way they so often have in the past.
The President spoke early this morning, commending the House and Senate for closing in on yet another historic accomplishment:
Fonte: White House