The White House today predicted that legislation to overhaul financial regulations would get strong bipartisan support, according to Reuters. White House spokesman Robert Gibbs also said that the Obama administration had no intention of watering down the legislation in order to court wavering Republicans. Pressed on the Securities and Exchange Commission's charges against Goldman Sachs Group Inc , Gibbs emphasized that the SEC was an independent agency and the administration "absolutely" was not notified ahead of time about the enforcement actions.
