Longtime confidant will take Kennedy’s seat

Rumor has it that Kennedy friend Paul Kirk is set to take the late Senator’s seat, though there has been no official word from Massachusetts Governor Deval Patrick. (NYT)

Bill Nelson, Senator from Florida, is fighting proposed cuts to Medicare Advantage. (NYT)

Former Fed chair Paul Volcker will warn Congress today of “intractable problem” at heart of Obama financial reform efforts, but support Fed power in all its forms. (FT)

The FBI is investigating the hanging of a part-time Census Bureau worker in Kentucky, who was found with the word “Fed” scrawled on his chest. (WaPo)