- Senate Republicans rejected two different payroll tax cuts yesterday; the one prposed by Obama, and the one proposed by Senate Minority Leader Sen. Mitch McConnell (R-Ky.).
- Bloomberg: "A European proposal to channel central bank loans through the International Monetary Fund may deliver as much as 200 billion euros ($270 billion) to fight the debt crisis, two people familiar with the negotiations said."
- Jobless rate drops from 9 percent to 8.6 percent; Reuters take: "Further evidence the economic recovery was gaining momentum." (E.A.)
- TIME asks, "Can Ron Paul Win the Anti-Romney Primary?"; the answer they get closely resembles a "yes."
- Criminal charges have been filed against 18 Occupy L.A. protesters, and "most of the 291 people arrested early Wednesday remained jailed because they can't afford to post bail."
- The FCC signed off on a rule passed yesterday by Bay Area Rapid Transit that says the agency can deny cell service to passengers whenever BART thinks being able to use a phone would jeopardize public safety.
New at Reason.tv: "Peter Schiff Talks to the 1 Percent! 'We're not even near the bottom yet!'"