• Obama’s jobs bill was defeated in the Senate. The administration may parse the bill to move it forward. From Bloomberg News.
• Slovakia is pushing for a new vote on increasing the lending capacity of the EFSF as early as Thursday after the government collapsed Tuesday. From the Wall Street Journal.
• The U.S. currency bill that is designed to punish China for maintaining an artificially weak currency passed in the Senate. Senior House members say the bill has no chance of advancing there. From the Financial Times.
• The evolution of the case against BNY Mellon for FX pricing violations was laid out today with the key informant named as trader Grant Wilson. From the Wall Street Journal.
• Hedge fund Paulson & Company moved to reduce leverage and warned of redemptions through the end of the year. The bets made on a U.S. recovery did not pay off in the incredibly challenging 3rd quarter. From the Financial Times.