Obama will focus on energy bill after bank reform

WASHINGTON (Reuters) – President Barack Obama said on Friday his administration would shift its focus to climate and energy legislation after finishing financial regulatory reform, which he said would take a few more weeks.

“This is one of these foundational priorities from my perspective that has to be done soon,” Obama said, referring to energy legislation at a meeting of chief executives and other officials who make up part of his outside economic advisory board.

The House of Representatives passed a bill last year that would require the United States to reduce its emissions of greenhouse gases by 17 percent by 2020 compared to 2005 levels.

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