President Obama to deliver major speech on the global financial crisis
 

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From the BNO Newsroom.

WASHINGTON, D.C. (BNO NEWS) -- President Obama will deliver a "major speech" on the global financial crisis on Monday, the White House said on Thursday evening.

The speech comes one year to the day after Lehman Brothers collapsed and precipitated a financial crisis that reverberated across the globe. Obama will deliver the remarks on the crisis at Federal Hall in New York City at midday.

"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," a statement from the White House read.

BNO News will provide live coverage from the event.

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