WASHINGTON (AP) - President Barack Obama is heading to the place where the economic meltdown began to argue for stronger government oversight of the finance industry and urge Congress to finish a regulatory bill quickly.
In a speech Thursday at New York's Cooper Union college, near Wall Street, Obama is to outline the need for new financial regulations. The president also is calling on Wall Street to join, not fight, the overhaul effort.
Obama said last week that 8 million jobs and trillions of dollars in wealth have disappeared since the meltdown began in the fall of 2008.
The sweeping regulatory bill represents the broadest attempt to overhaul the U.S. financial system since the 1930s. It faces solid GOP opposition in the Senate.
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