Benzinga's Political Roundup (XOM, COP, C)

European officials are trying to keep their hold on the head of the International Monetary Fund, as there is mounting pressure for Dominique Strauss-Kahn, to step down.The Federal Reserve wants to do annual stress tests on the banks, and reserve the right to veto dividend pay outs should they not pass the tests. Among the banks to be tested should the plan come to fruition is Citigroup (NYSE: C).The Senate blocked a bill yesterday that would repeal about $2 billion a year in tax breaks for the five largest oil companies, including Exxon Mobil (NYSE: XOM) and Conoco Phillips (NYSE: COP). Deficit-reduction talks hit a snag yesterday after one of the "Group of Six" left the group.