President Obama went to the belly of the financial beast today to urge lawmakers to support a measure that would change the way the financial sector is regulated.

Within two weeks of Rep. Sander Levin's (D-Mich.), ascension to the chairmanship of the House Ways and Committee last month, the political action committees of CUNA and NAFCU each donated $1,000 to his campaign.

Later today, the $22 billion Western Corporate FCU will announce $25.4 in new OTTIs due to monoline insurer Ambac's declining ability to meet bond insurance claims, NCUA spokesman John McKechnie told the Credit Union Times.

Monoline insurer Ambac's weakened condition resulted in an additional $274 million worth of losses for U.S. Central FCU