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CongressDaily Late-Breaking News

This afternoon's late-breaking stories from CongressDaily:

SEC Offers Draft Rules on Derivatives Clearinghouses

 

The Securities and Exchange Commission today approved draft rules that would limit ownership in derivatives clearinghouses, similar to rules proposed earlier this month by the Commodity Futures Trading Commission. [read more]

Lawmakers Urge Deficit Panel To Back Defense Cuts

House Financial Services Chairman Barney Frank, D-Mass., and more than 50 other lawmakers sent a letter to the Commission on Fiscal Responsibility and Reform today describing the "urgent need" to cut excess defense spending. [read more]

 

HHS Responds to Dropped Child Policies

Health and Human Services Secretary Kathleen Sebelius today laid out new stipulations for child-only health insurance policies, in response to recent instances of insurance companies across the country dropping such policies because they felt coverage for children with pre-existing conditions was too expensive. [read more]

Baucus Pushes China for Currency Talks

Senate Finance Committee Chairman Max Baucus, D-Mont., pushed the Chinese business community in a speech in Beijing on Wednesday to pursue bilateral negotiations to resolve trade tensions between the United States and China. [read more]

 

Granholm Touts Efforts to Diversify Michigan's Economy

At 13.1 percent, Michigan has the nation's second highest unemployment rate, but Gov. Jennifer Granholm is pushing a series of initiatives that stress education and green energy, which she says will ultimately turn the state's economy around and could serve as a model for other states. [read more]

Obama Pushes for Permanent Student Tax Credit

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The White House on Wednesday released details of the success of a temporary tax credit for college tuition as a part of a push to make the credit permanent. [read more]

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