Financial Reform Could Be Coming: The Senate may pass this week a 1,400-page financial reform bill that largely adheres to the terms laid out by President Barack Obama. Despite the efforts of lobbyists and lawmakers to alter the bill, Democrats have kept the legislation mostly intact, with some provisions growing even tougher during the Senate debate, The Washington Post reports.
GOP Unlikely to Filibuster Kagan: The Associated Press reports that Senate Republicans are unlikely to filibuster Supreme Court nominee Elena Kagan. But Kagan can expect to be peppered with tough questions about her legal positions, policies and practices. The current solicitor general is even finding support from some of the GOP's most outspoken conservatives. The NLJ's Tony Mauro reported Friday evening that Miguel Estrada endorsed Kagan for the high court.
Iran to Send Nuke Material to Turkey: As part of a deal that could ease international relations, Tehran has agreed to send the bulk of its nuclear material to Turkey in exchange for more highly enriched uranium from the Vienna-based International Atomic Energy Agency. The Los Angeles Times reports that the deal could still be rejected by the Obama administration, which has shifted its tactics from diplomatic outreach to Iran toward a push for isolating the country by tightening sanctions.
Oil Rig Blowout Comes After Series of Mishaps: The destruction of the Deepwater Horizon had been building for weeks in a series of mishaps. That's according to Mike Williams, one of the last crewmembers to escape the inferno, who spoke to "60 Minutes" about the chain of events that led to the rig's blowout. Williams said that BP pressured oil rig operators to produce oil more quickly, resulting in a rate of drilling penetrations that was unsafe.
Double Jeopardy May Apply to Former Adelphia Executives: The Legal Intelligencer reports that two former executives of Adelphia Communications Corp. may be entitled to dismissal on double jeopardy grounds of the conspiracy charges lodged against them in a second indictment now that the 3rd U.S. Circuit Court of Appeals has voted 7-4 in their favor.