Obama pleased over debate on finacial overhaul bill

President Barack Obama says he

The Associated Press
President Barack Obama speaks during his town hall meeting at Indian Hills Community College in Ottumwa, Iowa, on Tuesday.

QUINCY, Ill. (AP) - President Barack Obama says he's pleased
that Senate Republicans are agreeing to allow debate on a financial
overhaul bill after days of stalling tactics.

Obama told a crowd in Illinois Wednesday that the bill will end
bailouts, make banks accountable to consumers and bring complex
Wall Street deals into the light of day.

He spoke shortly after news broke in Washington that Republicans
would end a filibuster of the legislation and let debate go

Obama said the legislation would ensure that taxpayers aren't on
the hook ever again for Wall Street mistakes.

The president said: "The time for reform is now."

Obama was finishing up the second day of a two-day Midwest tour.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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