Daily Democratic Wire 9-21-2009

George Wenschhof

Today, President Barack Obama will give a speech on the economy at Hudsen Valley Community College in Troy, New York - he will discuss the need for innovation in the economy and how the Stimulus bill is helping in this area. You can read more here.

Later, Obama heads to New York City to tape a show with David Letterman that will air tonight.

Tomorrow, the President hosts meetings with Israel prime Minister Benjamin Netanyahu and Palestinian Authority President Mahmoud Abbas.

Later in the week, it is the G-20 Summit on the economy being held in Pittsburgh. Here the focus will be on the global economy and how the industrialized nations can work together to avert similar problems in the future. The Wall Street Journal has more here.

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Blue Dog Democrats question need for new consumer protection agency for the financial sector - this new agency is part of the financial regulatory reform sought by Obama. Instead, they look to combine existing agencies. Politico.com has more here.

Senator Chris Dodd (D-Conn.) chair of the senate finance Committee also favors combining several agencies into one. He also is proposing new limits on banks for overdraft fees. MSNBC.com has more here.

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Will anyone responsible for Wall Street collapse ever be held accountable? - Americans continue to wonder this question as they lose their homes to foreclosure and find themselves out of work. While numerous investigations are underway, one year after the financial collapse, no one has been brought to trial. McClatchydc.com has more here.

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U.S. General Stanley McChrystal says more troops needed in Afghanistan to avoid failure - as the Obama administration intensifies discussion on strategy and the need for additional troops, this leak of an internal memo is reported by the Washington Post. You can read it here.

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Lieberman's ideas for climate bill likely to anger environmentalists - Senator Joe Lieberman (I-Conn.) is looking to include money for coal power and nuclear plants in the bill. Politico.com has more here.

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