SOTU: What Obama still needs to address

Author Michael S. Barr commends the steps the Obama administration has taken to make the financial system safer but argues that further reforms need to be enacted to create a system that works for all Americans.

Tuesday marks President Obama’s last State of the Union address. It is a time to reflect on past achievements and to focus on the unfinished work that still lies ahead.

In the wake of the financial crisis, President Obama saved the United States from another Great Depression and enacted sweeping reform of the financial sector. But we need to keep pushing harder to make the financial system safer, fairer and better harnessed to the needs of the real economy.

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