from WBAL-TV, Baltimore...
"President Barack Obama discussed the growing movement, saying demonstrators "are giving voice to a more broad-based frustration about how our financial system works."
Speaking at a White House news conference, Obama also defended the country's financial sector, which has taken the brunt of protesters' criticism, focusing on Wall Street and its regulators' purported role in expanding economic disparities.
"We have to have a strong, effective financial sector in order for us to grow," the president said.
Still, Obama discussed a need to pursue action aimed at improving government oversight and blamed Republican lawmakers for obstructing financial reforms.
Friday marked the 21st day of the grass-roots Wall Street protests.
Demonstrations have erupted in more than a dozen cities throughout the week, ranging from thousands who marched in lower Manhattan Wednesday after receiving support from local unions, to the dozens of college students who staged walkouts at various college campuses.
The movement started in New York and some of the protests there have been marred by scuffles with police.
New York authorities set up at least one vehicle checkpoint as police appeared in larger numbers throughout the financial district Thursday and established a perimeter around Zuccotti Park, which is considered a rallying point for the largely leaderless movement in that city.
"We hope that our message continues to resonate with everyone who has felt disenfranchised by the current state of our country," said Tyler Combelic, a spokesman for the Occupy Wall Street group."
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