Benzinga's Political Roundup (MEE, BP)

Paul Volcker is leaving his role as head of the President's Economic Recovery Advisory Board, according to those familiar with the situation. There is potential this year for the revamping of the corporate tax code. The U.S. may hit its debt ceiling in March if it isn't raised, warned Tim Geithner. The White House blames BP BP, as well as the industry for the problems resulting in the Gulf of Mexico blast. Massey Energy MEE agreed to extraordinary safety precautions on one of its mines just before the mine was set to be shut down.