Health care industry says bill will raise insurance costs

President of America’s Health Insurance Plans Karen Ignagni claims the current health bill would make premiums go up, providing ammunition for Republicans against the reform. (NYT)

In a letter to House Republican leader John Boehner, Obama aide Larry Summers defends the stimulus plan. (WSJ)

Senator Carl Levin says Obama should seek the support of the Pentagon in order to end “don’t ask, don’t tell.” (Reuters)

California Governor Arnold Schwarzenegger vetoed two energy bills yesterday in favor of something he’s working on. (WSJ)

Citigroup sold its energy trading group Phibro to Occidental Petroleum in order to decrease risk-taking. (Bloomberg)