Massachusetts governor to push for interim seat

Massachusetts Governor Deval Patrick has set a special election for Jan. 19 to fill Ted Kennedy‘s Senate seat, but will push the State Legislature to appoint an interim successor. (NYT)

President Obama blocked federal pay raises for tens of thousands this week. (WSJ)

Fed Governor Daniel Tarullo is leading a charge to overhaul bank examinations. (Bloomberg)

Kenneth Feinberg, Obama pay czar, will investigate executive pay at General Motors. (NYT)

AIG and former CEO Maurice Greenberg agree to binding arbitration in a case of shareholders claiming they lost billions while AIG restructured. (FT)