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White House Pushes Deregulation, Wall Street Woes, Sen. Stevens Can Vote

POSTED: 10:06 AM ET, 10/31/2008 by Amanda Zamora

Hello, and welcome to the Daily Read for Friday, the 5-days-left-until-the-election edition. Our own Mary Pat Flaherty got us started this morning with a great primer on potential Election Day voting issues, with Florida, Colorado, Ohio, Pennsylvania, D.C., and Virginia making our watch list. Stay tuned for more details on how to keep track of voting issues on Election Day. For now, on to the Read. See something we missed? Post your suggested stories in the comments below.

Final Push to Deregulate » The White House is working to enact a wide array of federal regulations, many of which would weaken government rules aimed at protecting consumers and the environment, before President Bush leaves office in January. — Washington Post

Show (Who?) the Money » While you contemplate the $40 billion owed in back-pay and pensions to executives of the nation's most troubled financial firms, the Treasury Department is weighing how to help up to three million homeowners avoid foreclosure without encouraging everyone to throw in the towel on their mortgages ... while the FDIC's program to lower payments for struggling borrowers has been much lauded, apparently thousands of homeowners who stand to benefit aren't getting the message ... meanwhile, some wonder why we're all still paying ATM fees at this point ... finally, as the White House defends its handling of the bailout plan, lawmakers want to know whether taxpayer funds have been used to support the acquisition of healthy banks. — Wall Street Journal, New York Times, L.A. TimesWashington Post

Sen. Stevens Gets a Vote » Sen. Ted Stevens (R-Alaska) can vote in Tuesday's presidential election despite being found guilty of seven federal felonies because his conviction won't be final until he's sentenced, the state Department of Law decided late Wednesday. — Anchorage Daily News

Auditing the Auditors » The IRS issued an estimated $1.6 billion in potentially fraudulent tax refunds during the 2006 and 2007 filing seasons, far more than the agency initially acknowledged, according to an audit released yesterday by the Treasury Inspector General for Tax Administration. — USA Today

Judge Affirms D.C. Checkpoints » A federal judge yesterday cleared the way for D.C. police to continue using checkpoints to screen motorists going into neighborhoods beset by crime, saying that the public had an "overwhelming need to be protected" from gunmen in cars. — Washington Post

Google-Yahoo Prospects Fade » The prospects for a Web-advertising partnership between Google Inc. and Yahoo Inc. have dimmed, as both sides show signs that they are unwilling to make compromises to address concerns raised by the Justice Department. — Wall Street Journal

Doubts Cloud School's Success » South Carolina has begun a criminal investigation into test scores at Charleston's Sanders-Clyde Elementary, once heralded as a model for transforming one of the state's worst schools into one of its best. — New York Times

Rep. Young's Legal Donations » Rep. Don Young (R-Alaska), who has come under scrutiny for his campaign finance practices and ties to lobbyists, received $23,000 from donors in the third quarter to help pay his legal expenses, according to a financial disclosure filing with the U.S. House of Representatives. — Fairbanks Daily News-Miner

By Amanda Zamora |  October 31, 2008; 10:06 AM ET The Daily Read
Previous: What to Expect—Maybe—on Tuesday | Next: Calling All Voters!


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