Chemical Law Reform: The Obama administration yesterday asked Congress to draft a stricter law that would regulate more than 80,000 chemicals in use in the marketplace. Environmental Protection Agency Administrator Lisa Jackson said the current law that governs toxic substances is flawed, the Associated Press reports. She said the public looks to the government to ensure that the risks of using any chemicals have been assessed, but the current, 32-year-old law, “does not allow us to grant them that assurance.”
Health Care: The Senate Finance Committee yesterday rejected two proposals to include a government-run option in the health care bill being floated in Congress. According to the New York Times, all Republicans on the committee and some Democrats voted down the two proposals, introduced by Sens. John Rockefeller, D-W.V, and Charles Schumer, D-N.Y., respectively. The bills were being offered as amendments to a bill proposed earlier this month by Montana Democratic Sen. Max Baucus.
Economic Recovery: The economy performed better than expected the second quarter, reports the Washington Post. The GDP slipped 0.7 percent for the quarter, but the Department of Commerce originally expected a one percent drop. And though 254,000 jobs lost in the private sector in September was more than expected, it was the fewest number of jobs shed in a single month since July 2008. However, small businesses were hit hardest.
Corruption: A federal judge sentenced a former Democratic bundler to 292 months in prison yesterday for illegally funneling money to political candidates and operating a multimillion-dollar Ponzi scheme. Norman Hsu was a prominent fundraiser who donated money to the campaign of Hillary Clinton, among other Democratic politicians, the Wall Street Journal says. In 2007, Clinton's presidential campaign returned $850,000 in funds raised through Hsu.