Benzinga's Political Roundup (BP, AAPL)

The People's Bank of China raised banks' reserve requirement ratio by 50 basis points to 19.5%, as it tried to stave off inflation. Republicans are trying to delay and defund Dodd-Frank. A federal judge ordered the Obama administration to make a decision within 30 days whether to grant five permits for deep-water drilling projects in the Gulf of Mexico, after it was shut down following the BP BP explosion in April 2010. Apple AAPL is the subject of U.S. antitrust enforcers, after the company received complaints from media companies who want to sell their content on its iPad and other devices. The SEC is looking into some mutual funds who may have overstated the value of certain municipal bonds.