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NY Times: GM reaches an agreement with bondholders offering them up to a 25% stake in exchange for not opposing the reorganization plan. Plus: TIME on why taxpayers might be about to foot a $100 billion bill for the troubled automaker.
TIME Cover Lady
Richard Lacayo looks at what Sotomayor's life says about the kind of Justice she would be in this week's mag. Plus: Joe Klein on how Secretary Gates has become "the bureaucrat unbound, candid and fearless."
Abbas in the House Thursday
Obama will meet with the Palestinian President in the Oval Office in the afternoon. AP: Expected to push Obama to facilitate peace with Israel through a larger solution to the Middle East conflict. Meanwhile: Debate over Israel's settlement activity rages on.
Weekly Jobless Claims Unexpectedly Drop
Labor Department's report suggests companies are cutting fewer workers. And/But: The number of people continuing to receive jobless benefits rose to 6.78 million -- largest total on record since 1967.
Keeping the Banks in Check
WashPost: Senior administration officials are considering creating a single agency to regulate the banking industry. Would be part of a sweeping plan to overhaul financial regulation, which officials hope to unveil in the next few weeks.
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Swampland
Obama to Visit Landstuhl
The White House has just put out this announcement: President Obama to Visit Landstuhl Regional Medical Facility in Germany The President will visit wounded warriors and their families at Landstuhl Regional Medical Facility in Germany on June 5, 2009. Landstuhl supports our service men and women stationed in Europe, and serves a leading and vital role [...]
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