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White House Brief
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Saturday 03-20-2010 6:48pm ET
 

Here's what I'm reading this health care bill eve...

VOTE:

Politico Whip Count PULSE

The Hill Whip Count HILL

Up or Down on Senate bill FOXNEWS

Stupak supporters falling off ROLLCALL

Dems ditch 'deem & pass' HILL

Boehner calling for full roll call JB

Obama heads to cap hill for last push BLOOMBERG

House rules committee descends into chaos WASHEX

BIG PICTURE:

50% say states should have right to opt out of vote RASMUSS

The health vote and the constitution WSJ

Hatch says 'nuts' to think House vote ends health issue BLOOMBERG

Medicare fix puts bill in the red AP

Graham says health vote kills immigration ABCNEWS

Posted by Paul Westcott


Friday 03-19-2010 3:59pm ET
 

(Reuters) - In a significant victory for news media, a federal appeals court said the Federal Reserve must disclose records on emergency lending programs to banks bailed out by the government in the financial crisis.

The U.S. Second Circuit Court of Appeals on Friday ordered the Fed to release details of emergency lending programs it adopted starting in late 2007 to shore up the financial system and forestall a complete meltdown of global financial markets.

Bloomberg LP, the parent of Bloomberg News, and News Corp's Fox News Network sought details of the central bank's actions under the federal Freedom of Information Act, or FOIA, which requires government agencies to make documents public.

The Fed argued against disclosure, citing an exemption that it said allows federal agencies to refuse to disclose trade secrets and commercial or financial information.

It also contended that allowing disclosure of participants in the programs and the collateral they posted could cause "competitive and reputational harm," perhaps triggering bank runs, and impede the central bank's ability "to effectively manage the current, and any future, financial crisis."

But giving the Fed power to deny disclosure because it thinks it best to do so "would undermine the basic policy that disclosure, not secrecy, is the dominant objective of," Chief Judge Dennis Jacobs wrote for a three-judge panel.

"If the Board believes such an exemption would better serve the national interest," he added, "it should ask Congress to amend the statute."

Bloomberg had won its case at the district court level, while Fox News had lost its case. The Second Circuit ruling threw out the ruling against Fox and ordered a lower court judge to decide what materials must be disclosed.

Posted by WHB Breaking News


Friday 03-19-2010 7:43am ET
 

Heres's what I'm reading

Sunday, Bloody Sunday AP

Obama approval NEW LOW - 46% approve/48% disapprove GALLUP

$940 Billion all we need are massive taxes and it'll save us money WAPO

Legal questions for Pelosi Deem & Pass tactic BLOOMBERG

Obama postpones trip over health care AP

Steny Hoyer - yeah I'd do it again POLITICO

Massive expanse of power for the IRS THEHILL

Stephen Lynch 'health care vote is disingenuous' BH

Stupak: Health care bill is living hell THEHLL

GOP ready to shutdown Obama-care in senate POLITICO

Dem Rep: "if you don't tie our hands, we will keep stealing." RCPV

Obama backs amnesty plan WASHTIMES

WH won't rule out more 'Deem & Pass' votes CNSNEWS

Gap closes: McCain 48% Hayworth 41% RASMUSS

Federal workers owe $962 million in back taxes! ABCNEWS

Leno beating Dave but rating way down THR

Posted by Paul Westcott



 
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