Washington Post:
Panel approves financial bill: “Senate banking committee votes along party lines to transform the regulation of financial markets.”
Public debate on housing-finance reform to open: “The Obama administration plans to begin a public debate next month on how best to overhaul Fannie Mae, Freddie Mac and the nation’s housing finance system.”
New York Times:
Next Big Issue? Social Security Pops Up Again: “With Medicare off the deficit-reduction table, Social Security stands as the likeliest source of large savings.”
Democratic Leadership Council’s Reed Tapped for Deficit Panel: “The head of the Democratic Leadership Council is in line to be executive director of President Obama’s bipartisan commission on reducing the national debt.”
Stimulus Plan for Rail Line Shows System of Weak Links: “A proposed rail link between Tampa and Orlando, Fla., exposes the weaknesses in the two cities’ transit systems.”
Wall Street Journal:
Pay Czar Plans TARP Review: “The U.S. pay czar will review executive compensation at Goldman Sachs Group Inc., J.P. Morgan Chase & Co., Morgan Stanley and 416 other firms that took government bailout funds, to determine if compensation paid during the height of the financial crisis should be returned, according to government officials.”
Deficit Could Aid China Currency Stance: “The prospect that China may report its first monthly trade deficit in six years could offer an unexpected boost to the nation’s position in the international debate over its currency policy.”
Bullard: Recovery Is on Track: “The president of the St. Louis Federal Reserve said labor data should look better in March and beyond, but predicted that more bank failures will occur this year than in 2009.”
LA Times:
Pressure grows to overhaul Fannie Mae, Freddie Mac: “It is the forgotten bailout: $125.9 billion spent by taxpayers so far to rescue housing giants Fannie Mae and Freddie Mac — nearly twice what’s been pumped into American International Group Inc. — and with no end in sight.”
USA Today:
Small-business owners unclear on health care impact: “As far as shop owner Rob Osborne is concerned, the historic health care reform package that President Obama plans to sign into law Tuesday, is a lot like Osborne’s sub sandwiches: A little bit of this. A little bit of that. And, in the end, made to look digestible.”
Politico:
Financial reform bill sent to Senate: “Banking committee Dems approve legislation on party line after GOP refuses to offer amendments.”
Improve education, fire bad teachers: “In an Ideas piece, Boser and Chait say teacher effectiveness is core to school improvement.”
The Hill:
Healthcare finished, House Democrats switch to jobs agenda: “House Democrats are pivoting to a jobs agenda hours after sending President Barack Obama landmark healthcare legislation.”
