Administration official attacks Chamber on opposition to financial overhaul

Official attacks Chamber on overhaul

WASHINGTON — The Obama administration is going on the attack against the country’s biggest business lobby because of its resistance to an overhaul of the financial rules system.

Deputy Treasury Secretary Neal Wolin told the U.S. Chamber of Commerce on its own turf Wednesday that the financial overhaul was sorely needed and the lobby group’s obstruction was unacceptable.

“… It is so puzzling that despite the urgent and undeniable need for reform, the Chamber of Commerce has launched a $3 million advertising campaign against it,” Wolin said in address to a conference of the group at its headquarters.