Paul Krugman, Economist & New York Times writerThe Department of Homeland Security (DHS) withdrew its controversial report on “Right Wing Extremism” (PDF) as a terrorism threat back in May, but now left-wing media pundits say it’s time to bring back the report that tarred all U.S. military veterans and any political conservative as potential terrorist threats.

President ObamaPresident Barack Obama announced last week that he’d like to restore the “pay-as-you-go” budgeting guidelines that Congress imposed upon itself in the 1990s. The measure, often simply called “PayGo,” would require any new spending proposals in legislation be accompanied by equivalent dollar amounts of new spending cuts or tax increases.

money wastePresident Barack Obama has fired the inspector general who found misuse of AmeriCorps funds at a nonprofit education group headed by Sacramento Mayor Kevin Johnson. The inspector general, Gerald Walpin, had investigated Johnson’s group, St. HOPE Academy, and discovered funds were being diverted for non-approved uses.
U.S. MoneyThe Treasury Department reported on June 10 that the federal budget deficit for May was just shy of $190 billion, and the total deficit eight months into the fiscal year is approaching $1 trillion.
GeithnerOn June 10, Treasury Secretary Timothy Geithner announced several ways that the Obama administration intends to change corporate practices for determining executive compensation. The administration will support “say on pay” legislation, so named because it is supposed to give shareholders a say on how top executives are compensated, and other legislation granting the U.S. Securities and Exchange Commission (SEC) power to make sure that compensation committees “are more independent.” Additionally, famous Washington lawyer Kenneth R. Feinberg was named as an overseer of executive compensation packages for companies bailed out by the government.