Obama Presses Forward On Overhaul Legislation

"President Obama made a forceful new push Wednesday for a sweeping overhaul of financial regulations to avert future economic catastrophes, but the long-sought legislation is in danger of stalling amid a gathering Capitol Hill firefight similar to the bitter healthcare battle. The proposed overhaul, which has moved to the top of Democrats' legislative agenda, is a far-reaching effort to give federal regulators power to prevent another financial crisis and tackle the problem of institutions deemed ""too big to fail."" The bill is designed to respond to voters' outrage at Wall Street practices that many believe contributed to the near collapse of the U.S. economy -- a strain of populism that promises to be a major political force in this year's midterm elections."