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TRIMMING THE BUDGET
Obama offers 121 cuts totaling $17 billion Thursday after a line-by-line scrub of the federal budget, about 0.5% of the $3.4 trillion plan. "But these savings, large and small, add up... That's a lot of money, even by Washington standards." Read prepared remarks here. Read White House fact sheet here. Earlier: OMB'S Orszag tells MSBNC Obama's cut isn't [...]
Sessions Open to Gay Justice
New ranking GOP member of the Senate Judiciary Committee tells MSNBC he'll vote for a nominee based on their ethics, standards. "I don't think a person who acknowledges that they have gay tendencies is disqualified per se for the job."
Biden: "I Didn't Do It Well"
The VP fesses up to botching the White House message with his comment about swine flu last week. Tells NPR: "It could have been said better." Axelrod praises Biden, but says his outspokenness "gives you a little heartburn."
On Stress Test Day, Bernanke Calls for Regulatory Reform
Fed Chair says Thursday he wants oversight that is focused on individual banks, able to recognize “broader problems that are building up in the system." Describes stress tests as "comprehensive, rigorous, forward looking†but holds off on providing details on results.
Job Data Better Than Expected
New jobless claims fall to a 14-week low. AP: "A possible sign that the massive wave of layoffs has peaked."
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Swampland
This Week's Cover
Here's this week's cover story by Michael Grunwald on the state of the Grand Ole Party. An interesting tidbit: Joe the Plumber is leaving the Party in disgust. An excerpt: So are the Republicans going extinct? And can the death march be stopped? The Washington critiques of the Republican Party as powerless, leaderless and rudderless — [...]
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