White House: No final plan yet on financial revamp

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WASHINGTON | Wed May 27, 2009 9:11pm EDT

WASHINGTON (Reuters) - The White House said on Wednesday it has not made any final decisions about the shape of an overhaul of the U.S. financial regulatory system and that discussion with lawmakers are ongoing.

"The president is committed to signing a regulatory reform package by the end of the year," White House spokeswoman Jen Psaki said.

She added that "officials at the White House and the Treasury Department are continuing work with Congress on the final phases of a proposal, but there is no final proposal in place and any announcement will not be for a couple of weeks."

(Reporting by Caren Bohan; Editing by Doina Chiacu)

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