Washington Post:
Obama presses on financial bill: “President urges Democratic sponsors of financial legislation to move ahead with or without GOP.”
Postal Service launches 5-day delivery plan: “The U.S. Postal Service moved forward with plans to adopt a five-day delivery schedule on Wednesday, earning formal approval to take the plans to postal regulators and Congress.”
New York Times:
Social Security to See Payout Exceed Pay-In This Year: “The system is projected to pay out more in benefits this year than it receives in taxes, a tipping point toward insolvency that was not expected before 2016.”
Pelosi Names 3 to Obama’s Deficit Panel: “The latest appointments to President Obama’s deficit reduction panel are Representatives John M. Spratt Jr., Xavier Becerra and Jan Schakowsky.”
Behind Consumer Agency Idea, a Tireless Advocate: “If there’s one thing the financial industry dislikes more than a consumer protection agency, it’s the thought that Elizabeth Warren might lead it.”
Wall Street Journal:
Jobless Claims Fall: “The number of workers filing new claims for jobless benefits fell last week by 14,000 to 442,000 and continuing claims fell to their lowest level since December 2008.”
New Push on Financial-Overhaul Bill: “The White House and Democrats are intensifying efforts to pass their financial overhaul, buoyed by the health-care bill and an acknowledgment by some Republicans that the initiative will likely pass.”
House Approves Small-Business Aid Bill: “The House voted 246-178 to approve a $14 billion bill that would provide tax relief to small businesses and extend a bond program to help fund public works projects.”
LA Times:
California’ rebound forecast to lag behind nation’s: “California’s economic recovery will lag behind the nation’s in 2010, but then overtake it as U.S. consumers start buying again and goods come through the region’s ports and transportation hubs, according to a forecast released Wednesday by economists at the UCLA Anderson School of Business.”
USA Today:
Answers on taxes, Medicare costs and premiums: “How will the new health care law affect you? USA TODAY’s Eugene Kiely answers some questions.”
Politico:
GOP senators: Reg reform will pass: “The Obama administration’s chances of achieving a bipartisan victory on financial reform increased dramatically Wednesday as two top Republicans acknowledged the legislation would pass the Senate and Democrats sought to harness the momentum of their health care win.”
House Dems pivot from health care: “Two jobs-related bills clear the House, and Obama sends a $2.8 billion Haiti request.”
The Hill:
McDermott bill would use revenue from new online gaming tax for foster kids: “Rep. McDermott will introduce legislation to tax online gambling and send the proceeds to foster care.”
Democrats: Wall Street is next: “Democrats on Wednesday made financial reform their new top domestic priority, warning opponents not to stand in the way.”
