Mark Halperin’s three things to watch for in politics for Monday, May 4.
1. Watch to see what news comes out about the bank stress tests. As a story in today’s New York Times illustrates well, the administration has done a very clever job of changing its mind about the transparency of the test results and not getting caught. Watch to see where the administration’s stance on transparency ends up by Thursday, when it’s set to release detailed results on the country’s 19 biggest banks. Also watch to see what details leak out about those results as the week goes on.
2. Watch the tax reform event this morning at 11:05 am ET at the White House. President Obama and Treasury Secretary Geithner are set to roll out a plan aimed at eliminating some corporate tax deductions and punishing U.S. citizens who try to use overseas tax havens. Watch to see the response to the plan from Washington, Wall Street and beyond.
3. Watch discussion about the swine flu. Coverage petered out over the weekend, but watch to see where the media moves with the story this week. Watch to see if the administration keeps its focus on this issue rather than moving on to other things.