From this morning's Earlybird:
• "Many hedge funds were relieved last week when the Obama administration's financial-overhaul plan included no big surprises or threats to the lucrative, secretive industry," the Wall Street Journal reports. "It isn't clear exactly why hedge funds escaped their worst fears. But one factor might have helped: The hedge-fund industry has been spending a lot more time and money in Washington during the past few years."
• "Supporters of regulating the insurance industry at the federal level are lobbying Congress to go beyond President Barack Obama's financial regulatory reform overhaul," Roll Call (subscription) reports. "Groups like the American Insurance Association, the Financial Services Roundtable, and the American Council of Life Insurers support the White House's efforts to create a national insurance infrastructure but are also pushing for the creation of an optional federal charter that would allow insurance companies to choose whether to follow state or federal rules."
• "As the Obama administration prepares to announce which nuclear utilities will receive billions in government-backed financing to build the next generation of plants, industry executives and lobbyists are busy making the case that it won't be nearly enough," The Hill reports. "The industry's main trade group, the Nuclear Energy Institute, wants $20 billion more in loan-guarantees in addition to the $18.5 billion in financing currently available to kick-start the long-awaited industry revival."
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