**The US House of Representatives has approved the most sweeping changes to the country’s financial sector since the Great Depression of the 1930s. **The 223 to 202 vote is a major victory for President Obama who made financial reform one of his main goals.
It creates a new agency to monitor consumer banking transactions and gives the government new powers to break up companies that threaten the economy.
The US Senate will have to pass the bill before the president can sign it.