Next week, the debate over financial reform will begin in earnest when Congress returns from its Easter break. Both political parties are gearing up for a major fight, and the stakes couldn’t be higher. An out-of-control banking sector has cost the economy over 7 million jobs since 2007, and without major reforms, Wall Street could repeat this disaster in just a few years’ time. But thanks to Wall Street’s lobbying might, all of the necessary reforms are currently in jeopardy.

Key Reforms

Writing for The Nation, Christopher Hayes offers a useful primer on financial regulation, highlighting three reforms that are crucial to any bill.

By Nezua, Media Consortium Blogger

On Tuesday, the worst earthquake in 200 years struck just off the coast of Port-au-Prince, Haiti, as The Nation reports. Bringing “catastrophic destruction” to the poorest nation in the Western Hemisphere, the disaster has spurred relief efforts worldwide. Crises like this are important reminders of how the treatment and protection of refugees must be a part of immigration reform.

Temporary protected status for Haitian refugees