When Mitt Romney won the big Midwestern states of Michigan and Ohio, the margins were narrow enough that analysts were not impressed, given his huge advantage in money and organization. But in Illinois Tuesday night, even Romney's closest rival, Rick Santorum, did not come within 10 points.
Congress is considering loosening restrictions on who can invest in companies before they go public. The change would allow people who don't have $1 million in the bank to invest in startups. Sounds great — shareholder democracy. But the rules could also create 21st-century boiler-rooms where dodgy deals are peddled in social media to unsophisticated investors.
Mitt Romney is inching closer to the Republican presidential nomination, winning Tuesday's Illinois primary by a significant margin. Illinoisans also voted in congressional primaries, with one race featuring two Republican incumbents facing off, and another in which a Democratic incumbent was challenged by a former member of Congress.
The Senate votes on changes to the House JOBS bill requested by consumer advocates and the chair of the Securities and Exchange Commission. As written, the bill would ease disclosure requirements on companies that have as much as $1 billion in annual sales when they go public.
Financial reports filed at the Federal Election Commission show that in February, Mitt Romney and a superPAC supporting him yet again spent more than all of his GOP opponents combined. But none of February's GOP contests translated into a fundraising bounce for the candidates.
The U.S. Supreme Court hears oral arguments about the Affordable Care Act next week. The White House is gearing up to defend the policy across the country, but officials aren't talking publicly about what might happen if all or part of the law is struck down.
The Supreme Court recently said police overstepped their legal authority by planting a GPS tracker on the car of a suspected drug dealer without a search warrant. The decision set off alarm bells at the FBI, where officials are trying to determine whether they need to change the way they work.
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