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BEEFING UP BORDER SECURITY
Homeland Security Secretary Napolitano says U.S. will send more agents, equipment to the southwest border to fight Mexican drug cartels. She'll also meet with Texas Governor to talk about their efforts on the border, travel to Mexico to consult with officials there. More details from the White House here.
Bernanke: I Wanted to Block AIG Bonuses
The Fed Chair tells a House panel he suggested suing to stop the insurance giant from paying millions in retention bonuses. Says legal staff counseled against idea because of potential for substantial punitive damages if the suit fails. Read his prepared testimony here (pdf).
IN THE HOT SEAT
The Fed Chair and Treasury Secretary make a rare joint appearance at a hearing NOW before the House Financial Services Committee Likely to take a scolding over the handling of AIG bonuses. Watch live here. Geithner expected to ask for expanded Treasury powers "to deal with failing non-bank financial institutions" like AIG. Read prepared remarks from Bernanke [...]
Calling Into Space
The president phones astronauts on the Discovery shuttle Tuesday morning to congratulate them on their ongoing mission. Comes as the shuttle prepares to undock from the International Space Station Wednesday and begin its return to Earth. Plus: WashPost asks when Obama will name new NASA boss as promised.
POTUS Goes Global Ahead of G-20
Obama pens an op-ed for newspapers across the globe making the case for the urgent need for worldwide economic cooperation. Printed in 30 papers including the Arab Times, The Hindustan Times, South China Morning Post and more. More details here.
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Swampland
Re: Populist Rage? ...Never Mind
Joe is absolutely right. (And JNS hinted at this last week as well when she reported that congressional switchboards aren't exactly lighting up with angry constituents demanding the heads of AIG execs.) I was in Michigan last week, where nearly every conversation veers into the economy and jobs and whose kids have moved back in [...]
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