Washington Policy Watch

News and perspective on public policy issues affecting Washington's economy and quality of life, brought to you by the Economic Opportunity Institute.

The politics of sacrifice: Union contracts vs AIG managers. Plus: economic stimulus, health care and unemployment

Opinion: The real ‘outrage’ behind AIG’s bonuses: The AIG debacle is a slap in the face to American labor, which was asked to sacrifice so automakers could survive. | Los Angeles Times

Fed Plans to Inject Another $1 Trillion to Aid the Economy: The Federal Reserve sharply stepped up its efforts to bolster the economy on Wednesday, announcing that it would pump an extra $1 trillion into the financial system by purchasing Treasury bonds and mortgage securities. | New York Times

Team Effort in the House to Overhaul Health Care: Three powerful House committee chairmen have agreed to work together on legislation to overhaul the health care system, starting with the view that most employers should help finance coverage and that the government should offer a public health insurance plan as an alternative to private insurance. | New York Times

Washington unemployment reaches 8.4% in February: Unemployment in Washington continues to rise, hitting 8.4 percent in February. That’s the highest rate the state has seen in more than two decades. | Oregon Live

New jobless claims drop more than expected: New jobless claims fell more than expected last week, but continuing claims set a new record for the eighth straight week and few economists expect the labor market to improve anytime soon. | Seattle Times

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