An Arkansas proposal to use Medicaid money to buy private insurance for poor residents was passed by the state Senate, aiding efforts to implement the Obama administration’s health-care overhaul in states with Republican-led legislatures.
President Barack Obama needs a new Treasury secretary. Timothy Geithner has made clear that he intends to leave. Furthermore, it is time to bring some fresh thinking to two vital issues: fiscal policy and financial-sector oversight.
Former Federal Reserve Chairman Paul Volcker and former Citigroup Inc. co-chairman John Reed have been named to a Federal Deposit Insurance Corp. panel that will help the agency map strategy for unwinding too-big-to-fail financial firms when they collapse.