News bites: Obama to name picks for OMB, Energy and EPA

Following Sunday’s news that President Obama will tap Wal-Mart Foundation chief Sylvia Mathews Burwell to run the White House budget office, several reports now say he will also move Monday to nominate Gina McCarthy to lead the Environmental Protection Agency and Ernest Moniz to head the Energy Department.

Financial regulators are coming under scrutiny following revelations that big U.S. banks made more foreclosure mistakes during the housing crisis than were previously disclosed, The Wall Street Journal reports. 

Many of the newly discovered cases of wrongful foreclosure involved military members, according to The New York Times.

U.S. regulators are becoming increasingly willing to intervene in cases of perceived financial wrongdoing around the globe, even when the links to the American market are tenuous, Financial News reports.

U.S. Airways and American Airlines are awaiting approval their proposed merger. Citing the need for market competition, the Justice Department has stepped in to block some mergers and acquisitions in recent months, but the agency has given its blessing to four major air carrier mergers since 2005.

The latest on RegWatch:

The IRS unveiled its rule designed to collect billions in revenue from health insurers.

The rule was contained in more than 700 pages of healthcare regulations issued Friday.

The Federal Trade Commission announced it would hold a Twitter Q&A session on regulations this week.

The Food and Drug Administration reopened the public comment period on a rule allowing certain cow parts in food and cosmetics.

House Oversight Committee Chairman Darrell Issa (R-Calif.) pressed agencies to detail alternatives to sequester cuts.

Federal regulators are expected to approve horse slaughterhouses.

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