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The WonkLine: April 1, 2010

Welcome to The WonkLine, a daily 10 a.m. roundup of the latest news about health care, the economy, national security, immigration and climate policy. This is what we’re reading. Tell us what you found in the comments section below. You can also follow The Wonk Room on Twitter.

Economy

National Journal notes that “when President Obama requested $10 billion more over 10 years for child nutrition initiatives, he may have expected pushback from Republican lawmakers,” but it was actually Sen. Blanche Lincoln (D-AR) who cut the number in half.

Last year’s recovery of the nation’s biggest banks “created huge paydays for hedge fund managers.” The highest-paid 25 hedge fund managers earned a collective $25.3 billion.

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Education Secretary Duncan said that the rising cose of college means that students “are going to vote with their feet.” “Folks that don’t contain cost, I think, frankly are going to lose market share, lose competitive advantage,” he said.

Health Care

“Records that would document the time, resources and meetings involved in the lawsuit that the Virginia attorney general’s office filed against federal health-care legislation either don’t exist or are classified as confidential “working papers” of the agency, a ranking deputy said yesterday.”

“The cost to companies of the landmark U.S. health-care overhaul continued to mount Wednesday as Boeing Co. said it will take a $150 million charge against first-quarter earnings because of tax changes in the legislation.”

“Starting today, states can choose to take the first steps toward the massive expansion of insurance coverage that is the health overhaul’s chief goal.”

Immigration

Yesterday, the Supreme Court ruled in a 7 to 2 decision that lawyers must advise their immigrant clients facing criminal charges that pleading guilty could lead to deportation.

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At least 30 Haitians who were waved onto planes by Marines in the chaotic aftermath of the earthquake have been prisoners of the U.S. broken immigration system, locked up since their arrival in detention centers in Florida.

The Pew Hispanic Center found that recent Latino immigrants are more likely to return their census questionnaires than Latinos born in the U.S. and are less skeptical that their census information will remain confidential.

Climate Change

“Carbon dioxide emissions from factories and power stations in the European Union’s cap-and- trade program fell faster than estimated.” “The decline in carbon emissions linked to global warming is the biggest since the 27-nation bloc started its cap-and-trade program in 2005,” Bloomberg reports.

Flood waters finally began receding in Rhode Island Thursday, but full recovery “could take months.” “It’s too early to tell [the financial impact of the floods],” said fire batallion chief Josef Greenwell, “but I would guess it will be well into the millions, without a doubt.”

The Obama administration’s new fuel-efficiency rules do not regard electric cars as “zero emission.”