Democrats give states a choice for national health plan

Senate Democrats are nearing a consensus on the health reform bill that may include a national health plan that states can opt out of, which Senate Majority Leader Harry Reid will likely pass back to the Congressional Budget Office today. (Reuters)

The Senate Environment and Public Works Committee, led by Sen. Barbara Boxer, is beginning work on climate change legislation with a series of hearings scheduled this week. (WSJ)

Rep. Barney Frank will likely introduce legislation this week to rein in financial institutions deemed “too large to fail,” in order to prevent another banking crisis. (NYT)

Jeffry Picower, a friend and major investor of Bernie Madoff‘s Ponzi scheme, was found dead in his pool Sunday. (FT)

Daniel Tarullo is emerging from the Federal Reserve Board as a big player in banking supervision. (WSJ)