Obama signed an executive order two weeks ago creating a panel to investigate unfair trade practices by nations including China. The administration’s 2013 budget proposal submitted to Congress last month asked for at least 50 people and $26 million in funding, and U.S. Trade Representative Ron Kirk called it the most significant allocation of resources since his office was created almost 50 years ago. - Bloomberg
Trade
Bloomberg - U.S. to File WTO Complaint Over China Rare-Earth Export Caps
NDAA
The New American – Utah State Legislature Unanimously Passes Anti-NDAA Resolution
War on Drugs
Huffington Post – New Hampshire Hemp Farming: State House Passes Bill Protecting Industrial Hemp
Federal Reserve
USA Today – No New Action Expected as Federal Reserve Weighs Job Gains
Bloomberg – Fed Will Test Capital of 19 Large Banks Against U.S. Recession Scenario
Energy
Reuters - Obama Defends Energy Policies Amid Gas Price Pain
Obamacare
Politico – Backup Plan if Individual Mandate is Struck Down
Reuters – New Healthcare Exchange Rules Issued for States