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BILL WILL CLEAR COMMITTEE;
HOUSE VOTE DELAYED TO FALL
POLITICO: A quartet of moderate Blue Dog Democrats on the Energy and Commerce Committee agreed to support the Democrats' sweeping health care bill as long as party leaders postpone a House vote until the fall and Chairman Henry Waxman (D-Calif.) cut its costs by $100 billion, exempt more small businesses from a requirement to provide health care to their employees and allow doctors, hospitals and other providers to negotiate their payments directly with the government under any public coverage plan . . . READ MORE
BLUE DOG LEADER MIKE ROSS
CLAIMS COMPROMISE VICTORY
THE HILL: "We cut the cost of the bill, delayed a floor vote and ensured that the public option will not be forced on anyone," said Rep. Mike Ross (D-Ark.) who has led the negotiations for the Blue Dogs. "Members will have time to go home to talk to their constituents and actually read the bill." . . . READ MORE
COMMENTARY/AMERICAN SPECTATOR
OPPONENTS WILL PRESSURE
CONGRESS DURING RECESS
PHILIP KLEIN: By delaying the full House vote until September, the deal means that there will still be time for Blue Dogs to change their mind on the final bill if they take a lot of heat from their constituents during August recess . . . READ MORE
BLOG REACTION: MONIQUE STUART, HOT AIR, DON SURBER, LEGAL INSURRECTION, RED STATE, THE OTHER McCAIN, MEMEORANDUM
Wednesday, July 29, 2009
US ADVISERS: PREGNANT WOMEN
FIRST FOR FLU TREATMENT
HEALTH CARE WORKERS
FOLLOW CLOSE SECOND
REUTERS: Prompted by expert recommendations from the Centers for Disease Control, the Advisory Panel on Immunization Practices has announced that pregnant women should be the first to receive vaccines to combat the H1N1 influenza virus. Pregnant women have been struck particularly hard by the Swine Flu, as much as four times more than the general population. The panel also recommended that health care workers and those who care for infants be given high priority. . . .READ MORE
FOLLOW CLOSE SECOND
REUTERS: Prompted by expert recommendations from the Centers for Disease Control, the Advisory Panel on Immunization Practices has announced that pregnant women should be the first to receive vaccines to combat the H1N1 influenza virus. Pregnant women have been struck particularly hard by the Swine Flu, as much as four times more than the general population. The panel also recommended that health care workers and those who care for infants be given high priority. . . .READ MORE
HOLOCAUST SHOOTER INDICTED
SEVEN-COUNT INDICTMENT INCLUDES
POSSIBILITY OF DEATH PENALTY
THE HILL: A Federal grand jury has indicted the man arrested for killing a security guard at the National Holocaust Museum. The seven-count indictment charges James von Brunn with murder and violations of various federal civil rights and hate-crime laws as well as Washington DC's gun laws. If convicted, he could face life in prison if not the dealth penalty. . . .READ MORE
POSSIBILITY OF DEATH PENALTY
THE HILL: A Federal grand jury has indicted the man arrested for killing a security guard at the National Holocaust Museum. The seven-count indictment charges James von Brunn with murder and violations of various federal civil rights and hate-crime laws as well as Washington DC's gun laws. If convicted, he could face life in prison if not the dealth penalty. . . .READ MORE
A.M. MARKET UPDATE 07.29.09: TREASURY CONCERN LOOMS
TUESDAY AUCTION DISAPPOINTS
WALL STREET JOURNAL: A disappointing two-year Treasury auction Tuesday was seen as a barometer for the government's remaining Treasury note sales this week. The worse-than-expected results don't bode well for Treasury's auction Wednesday of a record $39 billion in five-year notes. Treasury will also sell seven-year notes Thursday. In total, the government will offer up more than $200 billion of Treasury notes and bills this week, a record amount. "The rather poor two-year auction results are concerning," said Robert Allen, managing director at Banc of America Securities . . . READ MORE
WALL ST. FUTURES POINT LOWER
CNN/MONEY: U.S. stocks were poised to fall at Wednesday's open, as investors prepared to retreat after pushing Wall Street higher over such a short period of time. At 4:56 a.m. ET, Dow Jones industrial average, Standard & Poor's 500 and Nasdaq 100 futures were lower . . . READ MORE
ASIAN STOCKS SLUMP
BLOOMBURG: Asian stocks dropped for the first time in 12 days . . . China’s Shanghai Composite Index slumped 5 percent. The MSCI Asia Pacific Index lost 1 percent to 109.38 as of 6:10 p.m. in Tokyo, with two stocks falling for each one that rose. The gauge had climbed 13 percent in the past 11 days, the longest winning streak since January 2004. . . . "Investors are getting more selective now since equities are no longer cheap," said Manpreet Gill, Asian strategist at Barclays Wealth, which has $238 billion in assets. "A further correction is possible." Hong Kong's Hang Seng Index slumped 2.4 percent. . . . READ MORE
WALL STREET JOURNAL: A disappointing two-year Treasury auction Tuesday was seen as a barometer for the government's remaining Treasury note sales this week. The worse-than-expected results don't bode well for Treasury's auction Wednesday of a record $39 billion in five-year notes. Treasury will also sell seven-year notes Thursday. In total, the government will offer up more than $200 billion of Treasury notes and bills this week, a record amount. "The rather poor two-year auction results are concerning," said Robert Allen, managing director at Banc of America Securities . . . READ MORE
WALL ST. FUTURES POINT LOWER
CNN/MONEY: U.S. stocks were poised to fall at Wednesday's open, as investors prepared to retreat after pushing Wall Street higher over such a short period of time. At 4:56 a.m. ET, Dow Jones industrial average, Standard & Poor's 500 and Nasdaq 100 futures were lower . . . READ MORE
ASIAN STOCKS SLUMP
BLOOMBURG: Asian stocks dropped for the first time in 12 days . . . China’s Shanghai Composite Index slumped 5 percent. The MSCI Asia Pacific Index lost 1 percent to 109.38 as of 6:10 p.m. in Tokyo, with two stocks falling for each one that rose. The gauge had climbed 13 percent in the past 11 days, the longest winning streak since January 2004. . . . "Investors are getting more selective now since equities are no longer cheap," said Manpreet Gill, Asian strategist at Barclays Wealth, which has $238 billion in assets. "A further correction is possible." Hong Kong's Hang Seng Index slumped 2.4 percent. . . . READ MORE
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