CBO says health bill will actually cut deficit

After President Obama’s assertion that health care overhaul wouldn’t raise the nation’s deficit a dime, Sen. Max Baucus’ health bill gets a go-ahead from the Congressional Budget Office. (WSJ)

As Pay Czar Kenneth Feinberg attempts to reign in executive compensation, he could take some lessons from Merrill Lynch. (NYT)

Rep. Barney Frank‘s plan to overhaul financial regulation is getting criticism for not being tough enough. (WSJ)

Thanks to hiring lobbyists Lanny Davis and John Timmons, those against ousted Honduras president Manuel Zelaya are gaining notice from top Washington foreign policy officials. (NYT)

CEO of Harvard Management Co. Jane Mendillo is stepping away from dependence on contracted fund managers to do more in-house. (Bloomberg)