Health care confessional: Peter Orszag

Obama’s budget director Peter Orszag delivers a health care confessional on “Fox News Sunday,” revealing that legislation may not be completed by August, as promised. (NYT) He also did not deny claims that under the new bill, federal money would not be used to pay for abortions. (NYT)

Health and Human Services Secretary Kathleen Sebelius meets with the National Governors Association to quell their concerns of rising Medicare costs in Congress’ health care legislation. (NYT)

Secretary of State Hillary Clinton will sign a defense pact with India today, giving a boon to American arms industries like Lockheed Martin and Boeing. (Reuters)

Today’s the day of truth for CIT Group if they declare bankruptcy or have scrounged up enough in loans to keep themselves afloat. (Bloomberg)

Charles Schwab denies allegations from New York State Attorney General Andrew Cuomo of civil fraud. (Reuters)