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Energy
Override Keystone pipeline veto
USA TODAY
Editorial
Congress ought to end this drama by overriding Obama’s veto, just the third of his presidency and his first since 2010. If the votes can’t be mustered on Capitol Hill, the president has more than enough information to bring down the curtain. It is long past time to just say yes.

Obama’s Oil-by-Rail Boom
WALL STREET JOURNAL
Holman Jenkins
What seems absent from his calculations are any practical considerations outside the political bubble, such as the millions of barrels of flammable liquid that will be rumbling through America’s residential neighborhoods aboard mile-long oil trains.

President Veto
WALL STREET JOURNAL
Editorial
The Washington press corps is all but filing profiles of Mr. Obama’s veto pen (a Cross Townsend roller-ball) and explaining that his wall of vetoes against anything that comes out of Congress is his “strategy” for the next two years. The better way of putting it is that Mr. Obama will leave office increasingly isolated, obstructionist and partisan.

Focus legislative energy on a national carbon policy, not Keystone XL
WASHINGTON POST
Editorial
The Keystone XL controversy has occupied a far larger share of the national debate than it deserves. Environmental activists turned what should have been a routine infrastructure question into an existential war, styling it as a test of Mr. Obama’s commitment to fighting climate change. Conservatives responded with misleading claims about the number of jobs the project would create, and Republicans bizarrely chose to make the pipeline their top order of business after taking control of the Senate. With his veto, Mr. Obama refused once again to settle an issue that has been delayed for a ridiculous length of time.

Hillary Clinton Won’t Talk About Keystone. And Greens Are OK With That.
NATIONAL JOURNAL
Clare Foran
But Clinton now refuses to say what she thinks about the pipeline that has ignited a contentious debate over global warming and American energy security. Her silence frustrates environmentalists who want assurances that Clinton is on their side. But Washington’s green power players have stopped short of publicly pressuring her into taking a stand, and high-profile environmentalists say it won’t make much difference if Clinton breaks her silence at all.

Technology
F.C.C. Net Neutrality Rules Clear Hurdle as Republicans Concede to Obama
NEW YORK TIMES
Jonathan Weisman
And Republicans on Capitol Hill, who once criticized the plan as “Obamacare for the Internet,” now say they are unlikely to pass a legislative response that would undo perhaps the biggest policy shift since the Internet became a reality. “We’re not going to get a signed bill that doesn’t have Democrats’ support,” said Senator John Thune, Republican of South Dakota and chairman of the Senate Commerce Committee. “This is an issue that needs to have bipartisan support.”

Thune says he isn’t throwing in the towel on net neutrality legislation
WASHINGTON POST
Brian Fung
Contradicting a report by the New York Times Tuesday that Thune had “all but surrendered” to Democrats and the FCC days ahead of an agency vote on net neutrality, a committee spokesperson said that the chairman of the Senate Commerce Committee is still committed to finding a legislative solution. Although a bill won’t come together before the FCC votes, as many critics of the agency were hoping, GOP outreach to Democrats will continue.

Eleventh-hour drama for net neutrality
THE HILL
Julian Hattem
Mignon Clyburn, one of three Democrats on the FCC, has asked Chairman Tom Wheeler to roll back some of his provisions before the full commission votes on them, FCC officials said. The request — which Wheeler has yet to respond to — puts the chairman in the awkward position of having to either roll back his proposals, or defend the tough rules and convince Clyburn to back down.

Jostling Begins as FCC’s Net Neutrality Vote Nears
WALL STREET JOURNAL
Brody Mullins and Gautham Nagesh
The ever-evolving battle lines in the industry mean that a Federal Communications Commission vote on final rules Thursday won’t be the end of the debate. Instead, it will trigger a whole range of skirmishes among the various tech factions about what should be regulated and how as each lobbies for favorable interpretations of the rules. The jostling has already begun.

Tom Wheeler’s Other Web Takeover
WALL STREET JOURNAL
Editorial
This week Federal Communications Commission chairman Tom Wheeler plans to seize regulatory control over the Internet by declaring private broadband carriers to be public utilities. Less well known is that he also wants to usurp state authority to regulate municipal broadband networks.

Hillary Clinton Sketches Campaign Messages in Silicon Valley
NEW YORK TIMES
Amy Chozick
After weeks of relative quiet as she assembles a presidential campaign, Hillary Rodham Clinton on Tuesday provided the most detailed preview yet of the sort of economic and bipartisan message that her candidacy could be expected to deliver. “We have to restore economic growth with rising wages for the vast majority of Americans, and we have to restore trust and cooperation within our political system,” Mrs. Clinton said here, laying out what she called the central challenges that a 2016 candidate would need to address.

Finance
Fed’s Janet Yellen, in Testimony, Counsels Patience on Interest Rate Increase
NEW YORK TIMES
Binyamin Appelbaum
In testimony before the Senate Banking Committee, Ms. Yellen advanced the Fed’s slow-motion retreat from its stimulus campaign. She said the next step would be an announcement, which could come as soon as March, that the Fed would begin to consider raising its benchmark rate at each policy-making meeting.

Elizabeth Warren just revealed her next big fight
VOX
Danielle Kurtzleben
The senator unexpectedly took aim at Scott Alvarez, the Fed’s general counsel — a powerful job that he’s held since 2004, when Alan Greenspan was chair. Alvarez has criticized Dodd-Frank rules in the past, and his comments often seem to agree with Greenspan’s famously pro-deregulation views. Warren is both one of Congress’s strongest bank regulation advocates and one of its most clever political entrepreneurs — and it seems she’s found her next big cause.

The Fed’s Own Stress Tests Aren’t as Stressful as Its Tests of Banks
WALL STREET JOURNAL
Josh Zumbrun
Ms. Yellen provided a final caveat to Sen. Scott that applies here too, “It really is important to recognize that the Federal Reserve is not identical to an ordinary banking organization,” she said. “Unlike a bank, the Fed’s liabilities are mainly reserves to the banking system and currency,” she said. “These are not like the runnable deposits of an ordinary banking organization.”

Once more with feeling – Janet Yellen pans ‘Audit the Fed’
POLITICO
Patrick Temple-West and Dave Clarke
Federal Reserve Chair Janet Yellen on Tuesday reiterated her strong opposition to “Audit the Fed” legislation championed by Sen. Rand Paul that would subject the Fed’s monetary policy decisions to new scrutiny from the investigative arm of Congress, arguing it would place harmful political pressure on the central bank.

Politics
McConnell plan moves Senate closer to deal on DHS funding, but House support unclear
WASHINGTON POST
David Nakamura and Sean Sullivan
The Senate moved closer Tuesday to a deal to avert a partial shutdown of the Department of Homeland Security, but the proposal faced an uncertain future in the House, where Republican leaders conspicuously refused to embrace it. Senate Majority Leader Mitch McConnell (R-Ky.) told reporters he was prepared to move swiftly to extend funding for DHS through the fiscal year in a bill that is not contingent on Republican demands to repeal President Obama’s executive actions on immigration.

Clinton ’16 Would Give Gender More of a Role Than Clinton ’08 Did
NEW YORK TIMES
Amy Chozick and Jonathan Martin
The last time Hillary Rodham Clinton ran for president, she seemed torn over whether to emphasize her chance to make history, or to play down her gender and reassure voters that she was tough enough for the job. This time there is no question: Mrs. Clinton’s potential to break what she has called “the highest and hardest glass ceiling” is already central to her fledgling 2016 presidential campaign.

Carly Fiorina Allies Form Super PAC to Back Possible White House Run
WALL STREET JOURNAL
Rebecca Ballhaus
Allies of Carly Fiorina on Tuesday evening launched a super PAC to back a possible presidential run by the former Hewlett-Packard chief executive. The launch of the group, Carly for America, follows a spate of recent trips by Ms. Fiorina to the early-nominating states of Iowa and New Hampshire. This week, she will address conservatives at the Conservative Political Action Conference near Washington, D.C.

Govs. Jindal, Christie and Walker Face Fiscal Challenges at Home as They Eye 2016
WALL STREET JOURNAL
Heather Haddon and Mark Peters
Three Republican governors with an eye on the presidency are facing fiscal challenges at home as they lay the groundwork for national campaigns. Louisiana Gov. Bobby Jindal must respond to falling tax revenues as lower oil prices hit his energy-dependent state. New Jersey Gov. Chris Christie is trying to stabilize state finances amid ballooning pension costs and credit downgrades. Wisconsin Gov. Scott Walker is navigating a less-severe revenue shortfall after cutting taxes in recent years.

Obama Aide Calls Netanyahu’s Planned Visit ‘Destructive’ to U.S.-Israel Ties
NEW YORK TIMES
Julie Hirschfeld Davis
Susan E. Rice, President Obama’s national security adviser, sharply criticized Prime Minister Benjamin Netanyahu of Israel on Tuesday over his plans to address a joint meeting of Congress next week, saying his actions had hurt his nation’s relationship with the United States.