Quick Overview

• Warren Buffett unveiled a plan to “reinsure” $800 billion of municipal bonds.
  

• Six U.S. Banks launched a program aimed at staving off home foreclosure for seriously delinquent borrowers.
  

• Consumer prices in the U.K. rose 2.2% YoY.
  

• The Senate passed a White House demanded surveillance measure that grants legal impunity to companies that helped the government's warrantless spying program.
  

• The DOE said OPEC's oil production increased from 32.15 to 32.23 million barrels a day while surplus capacity fell from 1.50 to 1.40 million barrels a day.