A look at the day’s political happenings, including what Texas Republicans say is the real reason Gov. Rick Perry won’t run for re-election next year and watch what happens when a woman bravely calls out Texas lawmakers over the state’s abominable anti-abortion measure.
President Barack Obama went on the offense Friday to reassert the need for a new consumer watchdog agency, the Consumer Financial Protection Agency, to keep tabs on financial institutions and to keep consumers from getting caught up in more mortgage disasters and high-interest credit card schemes.
Under the guidance of Rep. Barney Frank, the House Financial Services Committee made changes to a plan designed to increase government oversight of various financial markets, ideally to avoid a recurrence of last year’s economic catastrophe. It’ll mean more focus on certain types of businesses than others.