Obama says would veto bill without derivatives curbs

House Minority leader John Boehner (R-OH) (L) and Senate Minority leader Mitch McConnell (R-KY) comment on their meeting with President Obama and the bipartisan Congressional leadership about the financial reform, at the White House, April 14, 2010.

WASHINGTON (Reuters) - President Barack Obama said on Friday he would veto legislation that did not bring the derivatives market "under control" and said he hoped Congress would pass a bipartisan bill to overhaul the financial sector.

Obama, during a meeting with outside economic advisers, also said passing financial reform would mean no more taxpayer bailouts for big financial firms. Republicans have charged that the bill would lead to more bailouts.

(Reporting by Jeff Mason and Ross Colvin)