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The Nine Circles of the ACA (TAP)
The Affordable Care Act had another very bad day, and what began as a debate about whether the law could stand without the individual mandate ended with the Supreme Court questioning whether the legislative branch should have any power at all.
Ten Steel Workers, Five Justices, and the Commerce Clause (New Yorker)
Amy Davidson looks at the 1937 case in which the Supreme Court established the modern conception of Congress's powers and admitted that the Constitution might have to evolve beyond what a bunch of 18th century farmers thought it meant.
Parties Brace for Fallout in Court’s Ruling on Health Care (NYT)
Some Democratic insiders fear that having reform struck down could be a fatal blow, but others think that, like FDR in '36, Obama could run against a Court that snatches away voters' insurance after forcing corporate Super PACs and W. on them.
Is Dodd-Frank being rolled back while no one is looking? (WaPo)
Though Republicans lack the numbers to repeal Dodd-Frank outright, there is bipartisan support for holding a pillow over its face, as Suzy Khimm notes the House passed two bills that don't regulate derivatives but regulate the regulation of them.
Banking Regulator Calls for End of ‘Too Big to Fail’ (NYT)
Jesse Eisinger notes that a new report from the Dallas Fed offers an incisive critique of the financial system that will likely be dismissed due to Richard Fisher's inflation phobia and the big branches' "Hey, don't talk about my buddies that way!" reaction.
Ryan Budget Takes Aim at Resolution Authority (The Nation)
Pat Garofalo writes that the GOP's latest budget aims to establish that Republicans really, really hate crony capitalism and bailouts, and in order to prove it, they're going to repeal the financial regulations that were designed to prevent more bailouts.
How Close Were President Obama and Speaker Boehner to a Grand Bargain? (Slate)
Matthew Yglesias reviews Matt Bai's account of last summer's debt negotiations and argues that while Boehner may have talked and talked and talked about striking a deal, his offer literally relied on no one in the room being able to do the math.
The Enduring Consequences of Unemployment (NYT)
Binyamin Appelbaum notes research that shows unemployment isn't something you just shake off once you find a new job. Instead, it has effects that linger for decades and make life worse in several respects. Maybe we should do something about it.
The Pill Makes Women Richer (MoJo)
Kate Sheppard highlights a study that finds birth control helps close the gender wage gap because women invest more in their careers when the answer to "Where do you see yourself in five years?" isn't "Pregnant and barefoot in the kitchen."
States vs. Plutocrats (TNR)
The free flow of dark money may trickle off if state treasurers ask the firms where they've parked their pension funds to disclose their political donations based on the theory that destroying democracy doesn't make for a good return on investment.
With additional research by Roosevelt Institute intern Elena Callahan.