Citizens United/Fair ElectionsDemocrats to tweak campaign bill after complaints over PACs, by Susan CrabtreeDemocrats will “fix” a provision in DISCLOSE that would’ve prevented employees from giving to PACs of foreign-owned companies CongressSpecter’s defeat signals a wave against incumbentsIncumbents and establishment candidates should be worried.

• “It’s no surprise that people wanted change,” Sestak said. “When I went to Congress just a few years ago, after 31 years in the wonderful United States Navy, I found too many career politicians are a bit too concerned about keeping their jobs, rather than serving the public and rather than helping the people.”

Activists seize control of politics

• “The old structures that protected incumbent power are weakening. New structures, from partisan news outlets to online social networks, are giving anti-establishment politicians access to two essential elements of effective campaigns: publicity and financial support.”

Surprises from Tuesday’s primaries A smart piece from Marc Ambinder on the Tea Party and Democrats’ good news.Banks chalk up two wins as Senate reform bill evolvesTwo victories yesterday for the banks – an amendment passed that would prevent states from writing new consumer protection laws from “questionable products,” and Sen. Richard Shelby (R-Ala) used procedure to block a ban on high-risk securities.Ron Paul’s son serves bitter tea to GOP establishment in KentuckyRand Paul “has called Washington lobbyists a "distinctly criminal class" and favors banning lobbying and campaign contributions by anyone holding a federal contract exceeding $1 million.Bank loophole for Wall Street remains in financial regulation billA law that allows firms like Goldman Sachs and Morgan Stanley to set up commercial banks while avoiding strict regulation is preserved in the financial reform bill. Lobbyists opposed to derivatives reform outnumber reform lobbyists by 11 to 1

• “Lobbyists for the financial services industry opposed to an overhaul of the derivatives market outnumber pro-reform lobbyists 11 to one since the beginning of 2009, according to a new report by nonprofit advocacy group Public Citizen.”

Republicans block effort to raise oil spill liability cap Sen. James Inhofe (R-Okla.) blocked the oil liability cap legislation.