The motivation behind the world-wide economic con of austerity has been discovered. And, the source is none other than Pete Peterson – the debt-obsessed billionaire who stands to make billions off the privatization of our social safety net. Just days ago we told you how a 28-year-old grad student debunked the Reinhart-Rogoff study used to push austerity throughout the world.

Republicans want to stop the Securities and Exchange Commission from adopting rule 4-637, which would require corporations to disclose their political contributions. A group of shareholder activists, pension fund representatives, and Democratic lawmakers are pushing the S.E.C. to require corporations to report their political spending to investors.

After years of complaining that Democrats haven't passed a budget, now Republicans are refusing to negotiate at all on the Senate's recently passed spending plan. Under regular order, the two chambers should come together to find a compromise between the Democratic budget in the Senate and the Republican austerity plan in the House.

After a day-long manhunt, and the lock-down of a major American city, the second suspect in the Boston Marathon bombing was finally taken into custody on Friday. A Watertown resident tipped police after noticing blood on a boat in his backyard, and Dzhokhar Tsarnaev was found hiding out inside. Authorities report that he was severely wounded before agreeing to surrender.