Obama's strategy for overhaul of Wall Street regulations


WASHINGTON: President Barack Obama is pressing an overhaul of Wall Street regulations with a push-and-pull strategy _ reasserting his desire for a consumer agency that Republicans despise while proposing new bank restrictions that even Republicans could love.

As he readies for his State of the Union speech Wednesday, the president's approach reflects the demands of a new political landscape in Washington, where Republicans now have the votes to block Democratic initiatives in the Senate.

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