But an embryonic plan to create a super-regulator for consumer products, such as mortgages, credit cards and mutual funds, is already encountering stiff opposition.

ECONOMIST: Overhauling financial regulation

If Obama can back the Republicans into looking like they pushed the U.S. off the cliff he will get them to agree his impossible demands baked into a form of Cliff Mutual Destruction Pact, get it delivered, secure a massive rebalance moment and blame the downside on the opposition.

FORBES: The Economic Wild Cards For 2013