Faith in the Fed

Obama to release financial regulation proposal today; Fed will be charged with averting future financial disasters.  (FT)

CIA pushing White House to withhold report detailing interrogation methods; Panetta reportedly “captured” by interrogation backers. (WaPo)

Rising Republican star Ensign acknowledges extramarital affair. (WaPo)

Private equity firms Carlyle, TPG, and Blackstone consider bid for Bank of America‘s First Republic bank. (NYT)

House approves spending for wars in Iraq and Afghanistan. (WSJ)