Morning Must Reads: December 10

In the news: Nelson Mandela memorial service, the Volcker rule, defense bill agreement, budget talks, the state of deception, 2014 elections, and women in the Senate

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Mark Wilson / Getty Images

The early morning sun rises behind the US Capitol Building in Washington, DC.

  • LIVE: Obama attends memorial service for Nelson Mandela [WashPost]
    • “Amid steady rain and deafening cheers, President Barack Obama paid tribute Tuesday to the late South African leader Nelson Mandela as “the last great liberator of the 20th century.” [TIME]
  • “Regulators are set to usher in a new era of tough banking oversight on Tuesday that drills to the core of Wall Street’s profitable markets and trading businesses…The so-called Volcker rule will put in place new hurdles for banks that buy and sell securities on behalf of clients, known as market making, and will restrict compensation arrangements that encourage risky trading…” [WSJ]
  • “House and Senate negotiators reached final agreement Monday on a Pentagon policy bill that would strengthen protections for military victims of sexual assault and keep the prison at Guantánamo Bay, Cuba, open over President Obama’s strenuous objections, as Congress rushed to wrap up work for the year.” [NYT]
  • “On the eve of Rep. Paul Ryan’s self-imposed Tuesday deadline to reach a budget agreement with Sen. Patty Murray, there was still no final deal, according to aides in both parties. And for a growing faction of Washington conservatives, that’s a good thing.” [National Journal]
  • Why won’t the President rein in the intelligence community? [New Yorker]
  • Top 10 Comeback Congressional Campaigns [Roll Call]
  • Infographic History of Women in the Senate [New Yorker]