Reid dismisses Obama’s August health care deadline

Senate majority leader Harry Reid says there’ll be no movement on health care legislation until after the summer break, missing Obama’s August deadline. (NYT)

Fed Chairman Ben Bernanke proposes new consumer protection laws for those with mortgage and home-equity loans. (WSJ)

Goldman Sachs CEO Lloyd Blankfein is hoping to win back the public’s favor by paying back the government in full. (Bloomberg)

Secretary of Education Arne Duncan will be in charge of dispersing new funding to states who show positive school reforms. (NYT)

Citigroup names three new board members, including the dean of Stanford’s business school Robert Joss and CEO of Ripplewood Holdings Timothy Collins. (Bloomberg)