Obama rejects GOP claim that financial reform bill would encourage bailouts - washingtonpost

President Obama urged congressional leaders Wednesday to work together over the next several weeks on a financial regulation package, expressing confidence that a bipartisan bill remained possible even as Republicans said the Democrats' proposal would make government bailouts more likely.

Senate Minority Leader Mitch McConnell (Ky.), echoing comments he made Tuesday, said the bill amounts to an "endless taxpayer bailout for Wall Street banks." - Obama rejects GOP claim that financial reform bill would encourage bailouts