66 percent: President Obama’s approval rating, according to a new Washington Post-ABC News poll. Forty-two percent of the public believes the country is on the “right track,” the “highest percentage saying so in five years and marks a sharp turnabout from last fall, when as many as nine in 10 said the country was heading in the wrong direction.”
As President Obama leaves for the G20 summit in London today, Treasury Secretary Tim Geithner said there is only “a very small gap” between the United States and Europe on “how to make the [global financial] system more robust and stable.” Geithner told the Financial Times regulation would be a sovereign issue, rejecting the idea of a global systemic risk regulator.
Today, Rep. Henry Waxman (D-CA) will “unveil draft legislation to reduce U.S. greenhouse-gas emissions by 20 percent,” with the ultimate goal being to reduce emissions to “83 percent below 2005 levels by 2050.” The draft “will be missing crucial details for a cap-and-trade program, including how emission credits would be either given to businesses or sold to them via auction.” Yglesias explains why auctions are preferable.
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