Daily Political Wire

George Wenschhof

Moody's Downgrades 15 Big Banks, Stocks Tank - the rating downgrade by Moody's Investment Services of 15 of the largest world banks was not unexpected.  However, the Dow Jones closed 250 points lower yesterday, a two per cent drop.  TheHill.com has more here.

---

Campaign Finance Reform, Anyone? - According to the latest calculations, the average U.S. Senator raises $6.4 million in the two years preceeding election and the average House member raises $1.2 million.  Good Magazine has more here.

---

Pew Shows Obama 50%, Romney 46% - their latest poll shows how close a race it is between President Obama and Mitt Romney.  You can read the details here.

---

Will "Fast and Furious" Impact Election? - polling shows Republican and Democratic voters are solidy entrenched with their support and the number of swing voters less than previous presidential elections.  The political theater surrounding Rep. Issa holding Attorney General Eric Holder in contempt and the White House response of invoking executive privilege, may impact swing voters, but jobs and the deficit remain the top two concerns of voters.  Stay tuned.  The Washington Post has more here.

---

Senate Passes Farm Bill - the bill will change the way farmers are protected from crop losses, but is remains doubtful the House will be able to move fast enough to pass the bill prior to the election in November.  Reuters.com has more here.

---

To receive "Daily Email Updates" from Air-it-Out with George Wenschhof, click on "subscribe to this feed" below.