Benzinga's Political Round Up, August 9, 2011

The Senate Banking committee is looking into the downgrade by Standard and Poor to the U.S. credit rating.

China's inflation is the fastest it has been in three years, adding to concerns about potential central bank help.

Education Management Corp. (NASDAQ: EDMC) is being sued for using improper recruitment practices to secure more than $11 billion in U.S. student aid.