On the Radar: March 16, 2010

"Democrats step up efforts to swiftly pass health bill"
By Noam N. Levey and Janet Hook, Los Angeles Times
Democrats on Monday began their climactic push to move healthcare legislation through the House by the end of the week, as President Obama, House Speaker Nancy Pelosi and other senior leaders stepped up their efforts ..Continue Reading

"The Federal Reserve as Piggy Bank"
By David Wessel, The Wall Street Journal
The Federal Reserve funds itself, making money on the buying and selling and holding of U.S. government and mortgage-backed securities, among other things. After paying its expenses, any profits go to the U.S. Treasury. It prizes this independence from the congressional appropriations process....Continue Reading

"Chris Dodd proposal hits Wall Street hard"
By Eamon Javers, POLITICO
The cynics called it a stunt, a photo-op and dead on arrival. But when Senate Banking Committee Chairman Chris Dodd (D-Conn.) unveiled his Wall Street reform proposal Monday, there it was: the much-maligned “Volcker rule.” Dodd’s decision to include the provision in his surprisingly tough reform bill...Continue Reading

"The American Dream: Not Doing So Well"
By Karen Tumulty, TIME Magazine
As we gear up for an election season, it is easy to lose sight of the fact that, for most people, politics is a means to an end, not an end in itself. Xavier University's new Institute for Politics and the American Dream is releasing its inaugural survey on the state of the American Dream, something it plans to make an annual exercise. . .Continue Reading

Posted: Tue, 03/16/2010 - 11:31am