January 28, 2009 / 7:07 PM / 10 years ago

Obama discusses regulation reforms with advisers

WASHINGTON (Reuters) - President Barack Obama met members of his economic team at the White House on Wednesday to discuss financial “re-regulation”, the White House said.

White House spokesman Robert Gibbs said Obama held talks with Paul Volcker, one of his chief economic advisers, along with Treasury Secretary Timothy Geithner and Larry Summers, director of the Economic Policy Council.

Obama has vowed to reform financial regulations and tighten oversight of the banking sector to prevent a repeat of the financial crisis that has plunged the U.S. economy into deep recession.

Editing by James Dalgleish

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