Wall Street bankers have been told by the White House that President Obama is serious about deficit reduction and views it as a "legacy" issue for his administration, sources told the FOX Business Network.
Talks between Wall Street executives and the administration began almost immediately after the President’s re-election and the discussions have been largely cordial, despite talk that banks are bracing for a new round of tougher regulations. At least for now, there are no signs of acrimony and discussions with executives have been cordial, a banker familiar with the talks says.
