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Obama confident in reform bill passage
WASHINGTON, Del., (UPI) -- President Barack Obama said Tuesday he is confident the U.S. financial reform bill would pass despite the death of Sen. Robert C. Byrd.
Byrd, D-W. Va., died Monday after what the president called an "unparalleled career" in the U.S. Senate, where he had served since 1959.
After a meeting with Federal Reserve Chairman Ben Bernanke, Obama said: "I'm confident that given the package that has been put together that senators, hopefully on both sides of the aisle, recognize it's time we put in place rules that prevent taxpayer bailouts and make sure that we don't have a financial crisis that can tank the economy."
Obama's prior remarks centered on job creation while the economy struggled to regain some momentum after losing 8 million jobs in the past two years.
"We have gone from losing 750,000 jobs per month to five months of job growth now … but we're going to have to keep on paying a lot of attention to the labor markets and helping people who have been displaced during the last couple of years … that's going to be a major challenge," Obama said.
WASHINGTON, Del., (UPI) -- President Barack Obama said Tuesday he is confident the U.S. financial reform bill would pass despite the death of Sen. Robert C. Byrd.
Byrd, D-W. Va., died Monday after what the president called an "unparalleled career" in the U.S. Senate, where he had served since 1959.
After a meeting with Federal Reserve Chairman Ben Bernanke, Obama said: "I'm confident that given the package that has been put together that senators, hopefully on both sides of the aisle, recognize it's time we put in place rules that prevent taxpayer bailouts and make sure that we don't have a financial crisis that can tank the economy."
Obama's prior remarks centered on job creation while the economy struggled to regain some momentum after losing 8 million jobs in the past two years.
"We have gone from losing 750,000 jobs per month to five months of job growth now … but we're going to have to keep on paying a lot of attention to the labor markets and helping people who have been displaced during the last couple of years … that's going to be a major challenge," Obama said.
