Government, Politics and the Economy Climate Bill Helps Utilities, Factories and Farms More Than Oil Companies While the global warming bill passed by the US House sets up a cap-and-trade market for greenhouse gases, it also cushions the cost for power producers, manufacturers and farmers and limits aid to oil companies. Bloomberg.com Obama: Hints at Amnesty for Illegal Aliens President Obama shied away from any hot-button words in remarks last week on immigration reform, but he did hint at some kind of “amnesty” or “legal path” for illegal immigrants already in the US. BizJournals.com Manage... [Read Full Article]

  Government and Economy Obama Doubles Tax Law Enforcement Budget President Obama has proposed a near doubling of the funds to enforce U.S. tax laws next year, with an aim of more than quadrupling funding for tax compliance to $2.1 billion within five years. Reuters.com Stress Test: Banks Need More Money, Taxpayers May Not Have to Pay True, the stress tests show that the banks need more funds, but that does not necessarily mean they will get that money from the government as the Obama administration is suggesting that the rescue money that Congress has already approved will be enough to fill the gaps. NYTimes.com [Read Full Article]