The most telling thing about Jamie Dimon’s appearance before the Senate Banking Committee today was the deference most senators showed him. If you were hoping that the JPMorgan high-risk gamble that went bust would sharpen the teeth of politicians and regulators, today’s mostly clubby treatment of Dimon will be a letdown.

How much of downballot boost will Obama be — and for which party? Kyle Leighton looks into it in the latest Polltracker Crosstabs:

If you’re going to meet the President, always break out the 3D glasses.

A quick look at the most obsequious treatment Jamie Dimon received from senators today:

Hard for me to imagine that business leaders like Dimon don’t find these guys to be pathetic, too, and ridicule them privately. But maybe I’m just projecting.

It was a passing comment, but it really should close the door on today’s Big Political Story&reg.

By way of background, at a breakfast roundtable today, a reporter for another outlet asked CBO director Doug Elmendorf if his agency has detected that the health care law has had an adverse impact on business. “We don’t think that the health care law is having a significant impact on the economy today,” he said.

Why does that matter? Read More

Feds drop case against John Edwards.

Sen. Jim DeMint (R-SC) to Jamie Dimon: “We can hardly sit in judgment of your losing $2 billion. We lose twice that every day in Washington.”

Ryan Reilly does a deep dive on a federal public corruption investigation in Arizona that included a sting complete with a front company — and that may not be over yet.

Being President.