Officials see policy failures in drugs & finance

Geithner to outline regulatory overhaul today; hedge fund managers Paulson and Cooperman warn against excessive measures. (NYT)

US drug war has been a failure, says Clinton in Mexico, blaming “insatiable demand.” (WaPo)

In face of worker protests, Corzine gets authority for 2-day furlough. (NJ Star-Ledger)

Auto task force will recommend loans rather than bankruptcy; Rattner sees “real people” behind numbers. (WSJ)

PIMCO‘s Gross says Fed needs to double balance sheet to $6 trillion. (Reuters)