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News Alert: Michael Steele Seeks Another Term as Head of Republican Party

Breaking News Alert
The New York Times
Mon, December 13, 2010 -- 8:28 PM ET
-----

Michael Steele Seeks Another Term as Head of Republican Party

Michael Steele announced Monday that he would seek a second
term as head of the Republican National Committee, despite
criticism about both his leadership and fund-raising
abilities. His decision sets off a scramble for the position,
with at least six top Republicans having taken steps to run
for party chairman.

Read More:
http://thecaucus.blogs.nytimes.com/2010/12/13/steele-seeks-second-term-to-run-g-o-p/?emc=na

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News Alert: Richard C. Holbrooke, U.S. Diplomatic Troubleshooter, Dies at 69

Breaking News Alert
The New York Times
Mon, December 13, 2010 -- 7:49 PM ET
-----

Richard C. Holbrooke, U.S. Diplomatic Troubleshooter, Dies at 69

Richard C. Holbrooke, the Obama administration's special
representative for Afghanistan and Pakistan since 2009 and a
diplomatic troubleshooter in Asia, Europe and the Middle East
who worked for every Democratic president since the late
1960s, died on Monday night at George Washington University
Hospital in Washington, D.C., an administration official
said. He was 69 and lived in Manhattan.

Read More:
http://www.nytimes.com/2010/12/14/world/14holbrooke.html?emc=na

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News Alert: Tax-Cut Bill Passes 60-Vote Level in Senate, Enough to Advance

Breaking News Alert
The New York Times
Mon, December 13, 2010 -- 4:34 PM ET
-----

Tax-Cut Bill Passes 60-Vote Level in Senate, Enough to Advance

The Senate on Monday advanced the tax-cut package agreed to
between President Obama and Congressional Republicans,
virtually assuring that the Senate will approve the bill on
Tuesday and send it to the House where Democrats are
threatening to make changes to a provision granting a
generous tax exemption to wealthy estates.

The vote in the Senate was not finished, but shortly after 4
p.m. the tally showed more than 60 senators agreeing to end
debate, cut off any filibuster and move to a vote on passage.

The majority leader, Harry Reid of Nevada, had agreed to keep
the vote open far longer than usual to allow lawmakers
returning to Washington from the West Coast to make it back
to the Capitol.

The vote was 61 to 7, with six Democrats and Senator Bernard
Sanders, the Vermont independent, in opposition.

Read More:
http://thecaucus.blogs.nytimes.com/2010/12/13/senate-advances-tax-cut-package/?emc=na

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News Alert: Federal Judge Invalidates Key Provision of Health Care Law

Breaking News Alert
The New York Times
Mon, December 13, 2010 -- 12:24 PM ET
-----

Federal Judge Invalidates Key Provision of Health Care Law

A federal district judge in Virginia ruled on Monday that the
keystone provision in the Obama health care law is
unconstitutional, becoming the first court in the country to
invalidate any part of the sprawling act and insuring that
appellate courts will receive contradictory opinions from
below.

Judge Henry E. Hudson declined to freeze implementation of
the law pending appeal, meaning that there should be no
immediate effect of his decision. But the ruling is likely to
create confusion among the public and further destabilize
political support for the law.

Judge Hudson wrote that the law's central requirement that
most Americans obtain health insurance exceeds the regulatory
authority granted to Congress under the Commerce Clause of
the Constitution. The insurance mandate is central because
insurers say they cannot afford treatment for expensive
chronic conditions unless healthy people have policies as
well.

Read More:
http://www.nytimes.com?emc=na

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Federal Reserve proposes expanded coverage of consumer protection regulations to credit transactions and leases of higher dollar amounts

Federal Reserve proposes expanded coverage of consumer protection regulations to credit transactions and leases of higher dollar amounts

http://www.federalreserve.gov/newsevents/press/bcreg/20101213a.htm

Released by the Board of Governors of the Federal Reserve System

Schedule of upcoming postings to the Board's website
List of items posted to the Board's website over the past two weeks

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News Alert: Madoff Son Found Dead of Apparent Suicide, New York Police Say

Breaking News Alert
The New York Times
Sat, December 11, 2010 -- 9:20 AM ET
-----

Madoff Son Found Dead of Apparent Suicide, New York Police Say

According to the New York police, Mark Madoff, a son of
Bernard Madoff, has been found dead in New York City of an
apparent suicide. Mark Madoff and his brother, Andrew, were
under investigation but hadn't faced any criminal charges in
the massive Ponzi scheme that led to their father's jailing.

Read More:
http://www.nytimes.com?emc=na

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