The bill provides a way foe the government to close failing banks.
President Obama had hoped to sign a final bill by July fourth.
But the Senate delayed action on its version of the financial reform bill until Congress returned July twelfth.
And that’s the VOA Special English Economics Report.
You can comment on our reports on or website,voaspeciaglish.com.
This is the VOA Special English Economics Report.
The World Economic Forum is an indepent organization.
Its job is to help businesses,governments and civil society groups find ways to work together to improve the world.
The twenty-first World Economic Forum on East Asia recently took place in Thailand.
Organizers wanted to bring attention to development in Sotheast Asia.
The event received extra attention because of the presence of Nobel Peace Prize winner Aung San Su Kyi,the Burmese opposition leader and newly elected member of parliament.
She traveled to Bangkoko in her first foreign trip in over twenty years.
Brmese President Thein Sein cancelled his appearance at the meeting shortly after her travel plans were announced.
Klaus Schwab started what came to be called the World Economic Forum and serves as its executive chairman.
In opening comments,he praised the growing influence of Southeast Asian nations in the world economy and in political issues.
In his words,’’When you look at the ASEAN region,you feel that here you have a region,you feel that here you have a region which is full of dynamism.
‘’He said the region ‘’becomes more and more a crucial factor in the world economic and world political context.’’
Several government leaders were in Bangkok for the meeting.
They included the president of Indonesia,the prime minister of Vietnam and the prime minister of Thailand.
The form is a place to dicuss issues affecting the ten members of ASEAN,the Association of Sotheast Asian Nations.
In a speech,Thai Prime Minister Yingluck Shinawatra noted threats like the debt crisis in Europe and climate change.
But she also pointed to technological progress,democratic reforms and new centers of economic growth as signs of hope.
ASEAN nations are becoming increasingly important in the world economy.
As a grop,their economic activity is nearing two trillion dollars.
Sotheast Asian economies are expected to grow more than five percent this year.