Washington, January 28: US President Barack Obama declared in his State of the Union address that the worst of the economic storm had passed, but that a trail of devastation was left behind.
Obama said his administration’s early actions last year had staved off a repeat of the 1930s Great Depression.
“And one year later, the worst of the storm has passed, but the devastation remains,” Obama said.
Obama added he would veto any finance bill that does not contain “real reform.”
“The House has already passed financial reform with many of these changes. And the lobbyists are already trying to kill it,” he told lawmakers in his State of the Union address.
“Well, we cannot let them win this fight. And if the bill that ends up on my desk does not meet the test of real reform, I will send it back.”
-Agencies