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Arizona Gov. Jan Brewer, seen in this 2010 file photo, has vetoed 
a bill that would have allowed guns on public college campuses.APArizona 
is returning to its gold rush roots with a bill that would 
make precious metals legal currency.The GOP-led Senate gave final approval 
Tuesday to the bill that could make Arizona the second state in 
the nation to recognize gold and silver as legal tender. If signed 
into law by Gov. Jan Brewer, the measure would take effect in 
2014.The state Department of Revenue opposed the measure. It passed in the 
House only after an amendment was added to exempt the department from 
having to accept gold or silver as tax payments.The measure reflects a 
growing distrust of government-backed money amid the declining value of 
the dollar, according to proponents. Republican Rep. David Livingston of 
Peoria, a financial adviser who ushered the legislation through the House, 
said his clients were eager to tap into their gold and silver 
reserves.But Democrats, who voted against the measure in the Senate and 
House, said it sends a false message to constituents that gold and 
silver are safer than traditional currency."This is too extreme," Democratic 
Sen. Steve Gallardo of Phoenix said. "We don't need it."Democratic Sen. 
Steve Farley of Tucson said the measure is unnecessary and would create 
long lines at businesses as store clerks inspect and weigh the gold 
and silver. The measure would allow the use of precious metals as 

a's second term.Watt represents the 
Charlotte area, home base of behemoth Bank of America Corp. He becomes 
yet another high-profile African-American and the second North Carolinian 
nominated by Obama in three days to a top government post. On 
Monday, Obama nominated Anthony Foxx, mayor of Charlotte, to head the Transportation 
Department.Watt, who has a consistently liberal voting record, is expected 
to face Republican opposition to his confirmation and Sen. Bob Corker, R-Tenn., 
was among the first to express disappointment.The White House was already 
lining up supporters who might hold some sway with GOP senators."This gives 
new meaning to the adage that the fox is guarding the hen 
house," Corker, a member of the Senate Banking, Housing and Urban Affairs 
Committee, said in a written statement. "The debate around his nomination 
will illuminate for all Americans why Fannie and Freddie failed so miserably."Corker 
added that the administration should "explicitly lay out" its plans for 
dissolving the government-sponsored lending companies before anyone is considered 
for the FHFA's top job.The administration put forward a plan in 2011 
to slowly dissolve Fannie and Freddie, with the goal of shrinking the 
government's role in the mortgage finance system. But Congress has yet to 
decide how much the government's role should be reduced.Erskine Bowles, 
a fellow North Carolinian and former White House chief of staff under 
President Bill Clinton, pra

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