Obama nominates new director of NIH

President Obama nominates geneticist Francis Collins as new director of the NIH. (WSJ)

Senator Max Baucus’ health care compromise for employers to be taxed doesn’t go over well with senators up for reelection next year. What a shock. (NYT)

Investment giant PIMCO won’t be participating in the federal PPIP program, but the Treasury named nine other fund managers who will, yesterday. (Bloomberg)

Representative Barney Frank introduces a bill to create a federal consumer protection agency. (Reuters)

Federal Reserve Chairman Ben Bernanke‘s term is up in January and the White House is wondering what to do with him. (WSJ)