The bankers, billionaires, and wealthy elite are losing one of their favorite offshore tax havens. The Cayman Islands has finally agreed to cooperate with the U.S., and make it more difficult for the wealthy to stash money overseas. Officials in that nation have agreed to accept provisions of the Foreign Account Tax Compliance Act, which will take effect in July of next year.

Most Americans may not know it by listening to Republicans, but reality shows that our deficit is shrinking. And, if you didn't know that, you're not alone. A new Google poll found that nearly half of Americans think that the deficit is actually increasing. During the first ten months of 2012, the government spent 973 billion dollars more than it took in.

Yet another key provision of Obamacare meant to protect consumers is being delayed - the Obama Administration is holding off on instituting out-of-pocket expense limits. That provision would have put a cap on the total amount an insurance company can charge individuals or families for deductibles, co-pays, and prescriptions.

The Justice Department is overhauling the way they deal with non-violent offenders. Today, Attorney General Eric Holder unveiled a plan to change how the federal government prosecutes drug offenders. The goals of his plan are to ease prison overcrowding, save taxpayer money, and limit the use of unjust mandatory minimum sentences.