Obama wants financial bill on his desk by late May

Posted on Reuters.com.  Click here to view original article.

Tue Mar 30, 2010 7:36pm BST
Reporting by Steve Holland and Alister Bull, Editing by Sandra Maler


WASHINGTON, March 30 (Reuters) - President Barack Obama wants legislation in place overhauling financial regulations by the September two-year anniversary of the 2008 Wall Street collapse, White House spokesman Robert Gibbs said on Tuesday.

Gibbs said Obama does not believe it is unrealistic to expect a bill could be on his desk by the end of May.

"The president would like to see with his signature strong rules in place certainly by the two-year anniversary" of the cascade of events that prompted the Wall Street collapse, Gibbs told reporters.