(CNN) - He’s not getting a West Wing office, but Obama campaign manager David Plouffe is still getting rewarded for the president’s historic victory: after a major bidding war, he’s scored a book deal that reportedly falls in the seven-figure range.
A source close to Plouffe confirmed that the Obama advisor has reached a “lucrative” deal with Penguin Group imprint Viking for "The Audacity to Win: The Inside Story and Lessons of Barack Obama's Historic Victory," to be released next fall.
The publisher said in a Tuesday statement that the book will offer an insider perspective on the historic campaign, including "the deliberations about whether to run against long odds, the epic primary battle with Hillary Clinton, the drama of the general election campaign against John McCain and the strategic roads taken - and not taken ...”
WASHINGTON (CNN) - The House is expected to meet Wednesday and pass a bill that will expand healthcare to an estimated 4 million additional children.
The State Childrens Health Insurance Program (SCHIP) has already passed
Lawmakers in the House have said they too will approve the bill and send
it up to President Barack Obama for his signature.
Obama has made clear he wants to sign the bill quickly, calling it a bipartisan legislative success at a time when his economic stimulus bill is triggering a partisan divide.
"As the worsening economy causes families to lose their jobs and health insurance, it is vital that we redouble our efforts to ensure that every child in America has access to affordable health care," the president said in a statement on Friday.
(CNN) - Elizabeth Edwards has largely avoided the spotlight since her husband admitted to an extramarital affair last summer, but the wife of former presidential candidate John Edwards is certain to draw headlines when she releases a personal new book this spring.
In Resilience, scheduled for a May release, Edwards will discuss how she's dealt with difficult moments in her life — like her husband’s affair, said the publisher.
"She would exhibit…remarkable grace and courage again when the very private matter of her husband's infidelity became public fodder," Broadway Books said in a release announcing the upcoming publication of the book.
Edwards has repeatedly declined to discuss her husband's relationship with campaign videographer Rielle Hunter.
“[Edwards is] one of the most beloved political figures in the country, and on the surface, seems to have led a charmed life,” said publishers. “In many ways, she has. Beautiful family. Thriving career. Supportive friendship. Loving marriage. But she's no stranger to adversity. "
Edwards is also expected to discuss her ongoing battle with breast cancer, and the 1996 death of her 16 year-old son Wade.
WASHINGTON (CNN) – Executives of companies receiving federal bailout money will have their pay capped at $500,000 under a financial compensation plan that President Barack Obama is expected to announce Wednesday, two senior administration officials said.
Obama himself alluded to a change in executive salary in an interview with CNN's Anderson Cooper Tuesday night.
"Tomorrow I'm going to be talking about executive compensation and changes we're going to be making there," he said. "We've now learned that people are still getting huge bonuses despite the fact that they're getting taxpayer money, which I think infuriates the public."
Under the president's plan, companies that want to pay their executives more than $500,000 will have to do so through stocks that cannot be sold until the companies pay back the money they borrow from the government.
The restrictions will most affect large companies that receive "exceptional assistance," such as Citigroup.
The struggling banking giant has taken about $45 billion from the government's Troubled Asset Relief Program.
WASHINGTON (CNN) - President Barack Obama on Tuesday admitted he made a mistake in handling the nomination of Tom Daschle as his Health and Human Services secretary, saying Daschle's tax problems sent a message that the politically powerful are treated differently from average people.
(CNN) - Rod Blagojevich, the former governor of Illinois, is still declaring his innocence, despite facing a criminal trial and the prospect of prison.
(CNN) - Plagued by record budget deficits and massive job losses, local and state officials are looking to the federal government for immediate help.
(CNN) — Elizabeth Edwards has largely avoided the spotlight since her husband admitted to an extramarital affair last summer, but the wife of former presidential candidate John Edwards is certain to draw headlines when she releases a personal new book this spring.