The Daily Beast's Cheat Sheet notes Bloomberg's account of a sweeping financial reform agreement that members of the House and Senate reached early this morning. A 20-hour, overnight session concluded a two-week reconciliation process and produced a bill that includes a softened Volcker rule and new regulation of derivatives trading.
Mike Allen's Playbook predicts the media response:
Two legs of the triple crown: This means President Obama will sign health reform and Wall Street reform within four months of each other. Plus there's the likelihood he'll get some sort of energy-climate bill by year's end -- an astounding year.
Ezra Klein's Wonkbook cites the Washington Post's report that the Senate jobs bill has failed -- again. Senate Republicans and lone Democrat Ben Nelson voted down the contentious bill, which would extend emergency jobless benefits and provide aid to struggling state governments.
Chris Cillizza's Morning Fix delivers new Gallup numbers showing that conservative sentiment could be at an all-time high, with 42 percent of Americans identifying as conservative, 35 percent as moderate, and 20 percent as liberal. If this trend continues through the end of the year, the conservative bloc would be the largest Gallup has recorded since beginning to ask the question in 1992.
ABC's The Note links to a New York Daily News story recounting the Taliban's thrilled reaction to President Obama's decision to replace Gen. Stanley McChrystal with Gen. David Petraeus. A Taliban spokesman called Petraeus "not smarter than McChrystal" and claimed that Petraeus's recent fainting episode on the Hill calls his "physical competence and his courage" into question.
We want to hear what you think about this article. Submit a letter to the editor or write to firstname.lastname@example.org.