This is the VOA Special English Economics Report.

President Obama now turns his attention to financial reform after his victory last month on health care.

He met Wednesday with congressional leaders from both parties at the White House. Republicans and Democrats differ on what to do. But the president says there are some areas on which both sides can agree.

BARACK OBAMA: "If there's one lesson that we've learned, it's that an unfettered market where people are taking huge risks and expecting taxpayers to bail them out when things go sour is simply not acceptable."

Treasury Secretary Tim Geithner wrote in the Washington Post that the deep financial crisis is close to the end. But he said the nation must not forget the near-collapse of the banking system in 2008 without fixing its causes.

On Tuesday, he told the American Society of News Editors in Washington that no one is arguing against new financial protections. The debate now, he said, is more complex.

TIM GEITHNER: "But equally important issue is how to make sure you are designing a system where you are going to constrain risk taking, you can prevent crises from spreading, and -- if a major institution managed itself to the edge of the abyss -- that we are able to put them out of their misery."

The aim is to find a way to let big financial companies fail without harming the economy.

In December, the House of Representatives passed the Wall Street Reform and Consumer Protection Act. That bill would create a new consumer financial protection agency. It would also increase investor protections and let shareholders vote on the pay of top company officials. And it would create a group to identify and regulate companies that are so big, their failure could threaten the economy.

Republicans opposed the bill. That was also true last month when the Senate Banking Committee approved its own version. That bill would not create an independent consumer agency, but instead a new office at the Federal Reserve, the central bank.

The full Senate must now debate the measure. Minority Leader Mitch McConnell of Kentucky says it would make future bailouts more likely, not less.

Both measures in Congress call for a system to supervise derivatives. These contracts are used for different purposes, including investment and protecting against loss. The largely unregulated market in derivatives is estimated at 600 trillion dollars.

Government rescues of banks considered "too big to fail" angered the public and helped fuel a conservative movement. The Tea Party also opposes the new health care law and argues for lower taxes and less government.

On Thursday they protested to mark Tax Day, when Americans have to pay any federal taxes they owe.

And that's the VOA Special English Economics Report, written by Mario Ritter. I'm Steve Ember.

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（來源：VOA 編輯：陳丹妮）