BREAKING NEWS

Obama to discuss progress on US financial reform

WASHINGTON - US President Barack Obama will meet on Monday with the country's top regulators to discuss progress on implementing the legislation he signed a year ago overhauling the US financial regulatory system.
The meeting is set for 2:15 p.m. EDT (1815 GMT) at the White House.The White House also said that at 1:05 p.m. EDT (1705 GMT), Obama will formally announce his intention to nominate former Ohio Attorney General Richard Cordray as head of the new US Consumer Financial Protection Bureau.
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