WASHINGTON, Sept. 10 (UPI) -- U.S. President Barack Obama
intends to give "a major speech on the financial crisis" in New
York's financial section Monday, the White House said Thursday.
A statement from the White House press office said Obama
will also address his commitment to "winding down" the government's
role in the nation's finance industry.
"One year to the day after Lehman Brothers collapsed and
precipitated a financial crisis that reverberated across the globe,
President Obama will deliver a major speech on the financial crisis
at Federal Hall in New York City at midday on Monday," the statement
said.
"He will discuss the aggressive steps the administration has
taken to bring the economy back from the brink, the commitment to
winding down the government's role in the financial sector and the
actions the United States and the global community must take to
prevent a crisis like this from ever happening again," it said.
The press office said the event will be pooled for
television.
The financial crisis address comes less than a week after
the president addressed a joint session of Congress on healthcare
reform.