Benzinga's Political Roundup (BCS, HBC)

President Obama is going to lay out his plan for reducing the national deficit on Wednesday. This comes after the Democrats and Republicans were able to avoid a last minute shutdown of the government on Friday night. The Independent Commission on Banking recommended the U.K.'s biggest banks should boost capital. This includes banks like Barclay's BCS and HSBC HBC. Libya's rebels said they will not accept a cease-fire from Muammar Qaddafi if he and his sons retain power.