Earlier this month, Bank of America (BOA), the country’s largest bank, announced a moratorium on foreclosures in all 50 states.

Immigration reform activists suffered a disappointing setback this week. The Senate failed to muster enough votes to move forward with an annual defense authorization bill that would have included both the DREAM Act and a repeal of “Don’t Ask, Don’t Tell” as amendments. At Feet in Two Worlds, Sarah Kate Kramer has a good breakdown of the floor action.

As Kramer notes, not all is lost. The defense bill—and the DREAM Act with it—are certainly stalled, but Democrats say they plan to try again after midterm elections. The DREAM movement, for its part, seems invigorated by the close call.

Last week, Social Security advocates learned something they had long suspected. Arguments for cutting Social Security aren’t really about economics or the deficit. They’re all about waging war on social services.

Though Arizona’s SB 1070 went into effect without its most controversial provisions, the legislation’s stated intent—attrition through enforcement—is nevertheless gaining traction among anti-immigrant legislators across the nation. In the wake of the law’s enactment, other states are coming out in support of Arizona, some developing policy modeled after SB 1070. Others even hope to alter the U.S. constitution to deny “birthright citizenship” to children of undocumented immigrants.

Weekly Mulch: How Reid’s Energy Bill Undermines Senate Climate Efforts

by Sarah Laskow, Media Consortium blogger

Yesterday, Senate Majority Leader Harry Reid (D-NV) introduced a limited energy bill that responds to the oil spill and promotes energy efficiency. Reid’s action is a signal that the Senate will not pass climate legislation before November, although Sen. John Kerry (D-MA) said that a climate bill could come up in the lame-duck session following the election.

More than two years after the collapse of Bear Stearns, the House and Senate finally ironed out their differences on Wall Street reform in the wee, small hours of Friday morning. The bill now goes back to both the House and Senate for final approval, but it’s fate in the Senate is uncertain following the defection of Tea Party Sen. Scott Brown (R-MA).

by Annie Shields, Media Consortium blogger

It looks as if election-year strategies are trumping any actual problem-solving by Republican lawmakers. In the midst of one of the worst unemployment crises in U.S. history, Senate Republicans killed a jobs bill last Thursday by a 56-40 vote.