huffingtonpost.com — On Saturday, the group known as America Speaks (funded by Wall Street mogul Peter G. Peterson and two other foundations) brought together several thousand people in meetings in 60 cities. They gave participants misleading background information about the federal deficit and economic options to achieve fiscal "balance" and future prosperity.
thehill.com — Democrats finalizing a 2,000-page bill that would overhaul Wall Street are moving to satisfy a handful of Republican senators whose votes may be necessary to pass the legislation.
The Democrats’ vote-counting strategy is strikingly different than on healthcare reform, which every congressional Republican opposed.
huffingtonpost.com — The long-awaited showdown between banks and Sen. Blanche Lincoln over her derivatives reform section of the Wall Street bill begins Thursday morning. The conference committee will consider an offer made by the House to amend Senate legislation that forces banks to spin off their swaps desk and separately capitalize that operation, while also bringing the business out into the open, requiring derivatives to be cleared and traded on exchanges.
politico.com — With a controversial derivatives ban threatening House Speaker Nancy Pelosi’s vote count on Wall Street reform, top congressional Democrats rushed Wednesday to mend divisions within their ranks as negotiators moved toward a crucial decision on the issue.
thehill.com — Interior Secretary Ken Salazar on Tuesday said he will soon issue a new order that freezes deepwater oil-and-gas drilling in response to a federal judge’s decision to block the existing ban.
A federal judge on Tuesday issued an injunction against the six-month deepwater drilling ban that Salazar imposed in late May in response to the Gulf of Mexico oil spill.
thehill.com — Sen. Mary Landrieu (D-La.) told The Hill that the White House should reconsider its plan to appeal a court decision that blocked a federal ban on deepwater offshore drilling.
A federal judge on Tuesday granted an injunction against the administration's six-month moratorium on deepwater wells, which the Interior Department imposed in the wake of the BP oil spill.
mcclatchydc.com — Lawmakers on a special negotiating committee narrowing differences in the broader rewrite of financial regulation in generations agreed in principle Tuesday to create a new government agency to oversee credit products offered to consumers.
washingtonpost.com — Lawmakers were on the brink Tuesday of exempting the nation's 18,000 auto dealers from oversight by a new consumer financial watchdog aimed at protecting borrowers from abusive lenders.
nytimes.com — As Congress rushes this week to complete the most far-reaching financial reform plan in decades, the banking industry is mounting an 11th-hour end run.
blog.aflcio.org — The AFL-CIO and the global union movement have been demanding that Wall Street pay for creating the global economic meltdown, in part through a financial speculation tax. Other nations like the United Kingdom already have a similar tax; and France, Germany and other European Union leaders are pushing the United States to enact it; and the idea will be on the agenda at the G-20 summit in Ontario next week.
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