President Obama visited the Consumer Financial Protection Bureau on Friday, giving a pep talk on the work that lies ahead.

"Every one of you here has a critical role to play in making sure that everybody plays by the same rules," Obama said of the agency, created under 2010's financial regulatory reform bill to hold banks and other financial firms accountable for unfair or deceptive practices. "To make sure that the big banks on Wall Street play by the same rules as community banks on Main Street. To make sure that the rules of the road are enforced, and that a few bad actors in the financial sector can't break the law, can't cheat working families, can't threaten our entire economy all over again."

The president swung by the bureau days after appointing Richard Cordray its director, along with installing three members to the National Labor Relations Board, amid objections from Senate Republicans who had blocked Cordray's nomination last month.

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With neither side budging, the courts may weigh in next.

"The only court that would take it up would be the Supreme Court, and there's a lot of reason to believe that the Supreme Court would side with Obama," David Bositis, senior research associate for the Joint Center for Political and Economic Studies, told The Root. "Even though they're not liberal, they tend to side with executive privilege. The Republicans' argument of ‘We're not really in recess' sounds like they're trying to take Obama's power of making recess appointments away from him. My guess is that the Supreme Court would tell Congress, 'Screw you.'"


Read more at The Root.

On Friday the U.S. ratings agency Standard & Poor's slapped the United States with a downgrade, demoting the country from a top-notch AAA credit rating to AA+. Although the nation's other two major agencies, Moody's Investor Service and Fitch Ratings, reaffirmed the United States' AAA credit rating, S&P's move triggered fear through the stock market, which on Monday had its worst day since the 2008 financial crisis.

S&P took further action on Monday, downgrading to AA+ the credit ratings of Fannie Mae, Freddie Mac and other entities linked to long-term U.S. debt.

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So ... are we going to be OK or not? The Root spoke with Wilhelmina A. Leigh, senior research associate on economic security for the Joint Center of Political and Economic Studies about what the credit downgrade means for your finances, S&P's spotty track record on good judgment and whether this will give Congress the urgency it needs to seriously tackle the deficit.

Read more at The Root.

It's well documented that African Americans and other ethnic minorities have disproportionately higher rates of poor health, including infant mortality and most chronic conditions — heart disease, stroke, cancer, HIV/AIDS, asthma and diabetes, among others. Racial differences in health have persisted for so long that they're largely seen as a standard fact of life, even though, truth is, these differences are avoidable. So when President Barack Obama tasked Congress with sending a health care reform bill to his desk in 2009, the Congressional Black Caucus saw a huge opportunity.

"We'd already introduced a bill called the Health Equity and Accountability Act for the past several Congresses, so our work on this issue started long before the health care reform debate started," Virgin Islands Rep. Donna Christensen told The Root. In response to the president's charge, the CBC members promptly accelerated their efforts to tackle health disparities. They conferred with the National Medical Association and other black health groups, developed benchmarks that they wanted to see in the bill, formed a united front with other ethnic congressional caucuses and met on three occasions with President Obama.

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While the health care reform law achieves a number of important steps to start eliminating racial difference in health quality, it also falls short, say policy experts. Brian Smedley, vice president for the Health Policy Institute at the Joint Center for Political and Economic Studies, underscores Christensen's argument that ZIP code determines a person's health more than genetic code. He argues that the law doesn't put enough resources behind community-based prevention to tackle the reasons that African Americans get so sick in the first place.

"Health care coverage and clinical prevention screenings are important, but they're not the root causes of health inequities. When you look across the gamut of diseases that people of color disproportionately suffer from, at their root are inequitable neighborhood conditions," Smedley told The Root, echoing the problems of abundant fast-food retailers, environmental injustice and a lack of access to outdoor recreational facilities in many low-income neighborhoods of color. He proposes that federal agencies, such as the Environmental Protection Agency and the Department of Housing and Urban Development, collaborate to make neighborhoods healthier.

Read more at National Public Radio.