Gadhafi rule is over, Obama says

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Gadhafi rule is over, Obama says
WASHINGTON (MarketWatch) - The regime of Col. Moammar Gadhafi has fallen, and the U.S. will work closely with Libyan rebels to ensure a peaceful transition to democracy, President Barack Obama said Monday. There were still pockets of fierce fighting in the country, Obama said, and he called Gadhafi to tell his forces to lay down their arms. But Obama spoke as if the end of Gadhafi's regime was a fait accompli. The transition should be "peaceful, inclusive and just," Obama said. He said he would push international aid to Libya to the forefront of next month's United Nations General Assembly session. Obama said he would turn frozen financial assets of the Gadhafi government to the rebel political leadership, Transitional National Council.