CCTV.com - CNTV English - CCTV News

Studio discussion: What will US financial reform bill actually do?

07-13-2010 14:14 BJT

Watch Video

Play Video

Efforts to strike a deal on the supervision of banks, insurers and financial markets in the EU intensified on Monday. The reform proposal is deadlocked over how much power the new pan-EU authorities should wield on its member states.

In the U.S., the timing of a final vote against the financial reform bill remains up in the air. For more insight, we cross over to Professor Patrick Chovanec from the Tsinghua University School of Economics and Management in Beijing. Hello, Professor Chovanec.

1. Many expect U.S. President Barack Obama to sign the financial reform bill this month. But given the Senate still hasn't decided when to vote, do you see any uncertainties in passing it?

2. There have been many changes negotiated over the past few months. What will the final bill actually do?

3. As you mentioned, a few Republican senators have agreed to support the bill, but most in the Republican party remain opposed. What are their main criticisms of the bill?

Editor:Xiong Qu |Source: CCTV.com

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program