CNN: Obama seeks tax hike, higher Medicare payments
President Obama will ask wealthy Americans to deal with a tax increase and pay higher Medicare premiums to help fund a $634 billion health care "reserve fund" aimed at reforming the system, according to senior administration officials familiar with the budget being unveiled Thursday.
Washington Times: Outlook grim for budget's costly initiatives
A new report reveals how difficult it will be for President Obama to increase spending on health care, energy and education while cutting the deficit in half. Based on budget scenarios outlined by House Speaker Nancy Pelosi, California Democrat, federal budget deficits will average $870 billion for the next 10 years, according to a new analysis by the nonpartisan Congressional Budget Office (CBO).
View the CBO’s report here.
CNNMoney: Treasury unveils 'stress test' for banks
The Obama administration unveiled plans aimed at assessing the health of the nation's leading lenders Wednesday, particularly banks' ability to withstand more dire economic conditions.
CNN: Obama to ask Congress for $200 billion for war spending
President Barack Obama will ask Congress for more than $200 billion to fund U.S. war efforts for the next year and a half, according to defense officials.
CNN: CIA chief sees no place for coercive interrogation techniques
CIA Chief Leon Panetta said Wednesday he cannot envision any circumstance in which he would consider asking President Barack Obama for permission to use a coercive interrogation technique on a terrorist detainee.
Washington Post: CIA Adds Economy To Threat Updates
The daily White House intelligence report that catalogs the top security threats to the nation has a grim new addition, reflecting the realities of the age: a daily update on the global financial crisis and its cascading effects on the stability of countries through the world.
CNN: House passes $410 billion FY09 spending bill
The House of Representatives passed a $410 billion spending bill Wednesday to keep the federal government operating for the remainder of fiscal year 2009, which ends September 30.
ARLINGTON, Virginia (CNN) - Education Secretary Arne Duncan told students and educators at a Virginia high school Tuesday that he'll fight to put $20 billion in education construction funding back into the $838 billion economic stimulus package, as President Barack Obama wants.
Wakefield High School in Arlington was scheduled to be renovated next year, but that project has been pushed back at least until 2013, due in part to lack of funding, school officials said.
During his visit to an advanced placement study group in government and economics, Duncan asked students about building conditions.
"It's pretty bad," a student responded. One student said the temperature in a classroom had reached 96 degrees.
Duncan responded by giving an impromptu student civics lesson, detailing recent Capitol Hill wrangling over education funding.
"This week, there's obviously lots of debate between - a conference between - the House and Senate," he told the students. "A chance to get a huge amount of money to help our construction projects. There's a chance of no money. So, we're working really, really hard to make sure the right thing happens."
WASHINGTON (CNN) - While nearly all maritime activity on the Potomac River will be halted on Inauguration Day, a handful of Mall-goers will sail from Virginia to Washington on water taxis.
Working closely with the United States Coast Guard, the Potomac Riverboat Company, based in Alexandria, Virginia, plans to ferry up to 3,200 passengers from across the frigid Potomac on seven climate-controlled boats.
The service is partially a response to the closure of all bridges from Virginia to D.C. on Inauguration Day, a measure that prompted an uproar among Virginia residents.
According to maritime authorities in charge of the region, PRC is the only company being allowed to taxi across the river on the 20th.
"Because the taxi service provided us with a security plan that we examined and deemed adequate to provide good security, I granted them a waiver to operate at an increased security level," National Capitol Region Port Captain Brian Kelley says.
"The taxis are going to operate on a strict schedule and a strict route."
CNN: Aide: Obama to hold first national security meeting
President-elect Barack Obama will hold the first meeting of his national security team on Monday in Chicago, according to a transition aide for the incoming administration.
AP: Illinois lawmakers to focus on ousting governor
Republicans and Democrats alike are calling for Illinois lawmakers to begin impeachment proceedings against Gov. Rod Blagojevich, saying the step is necessary to restore public confidence in state government....Legislators were to meet Monday afternoon for the first time since Blagojevich was arrested last week on charges he shook down businesses seeking state deals and tried to profit from his power to choose a replacement for President-elect Barack Obama's vacant Senate seat. The session's focus was supposed to be about considering a special election, but impeachment is likely to be the chief topic of conversation.
Chicago Sun-Times: Tapes have potential witnesses speaking out
When it comes to coming clean, nothing is as motivating as a wiretap. Last week's revelation that Gov. Blagojevich was secretly recorded in his campaign office and on his home phone has prompted more than a dozen potential witnesses in recent days to come forward. They've been calling investigators and defense lawyers to talk about deals or discussions they've had with Blagojevich.
NY Times: 2 Sides of a Troubled Governor, Sinking Deeper
Gov. Rod R. Blagojevich is a polished speaker who can win over elderly women at luncheons in southern Illinois with his earnest attention and eloquently recite historical anecdotes from the lives of the leaders he says he most admires — Theodore Roosevelt, Abraham Lincoln, Robert F. Kennedy, Alexander Hamilton, Ronald Reagan.
CNN: McCain: I can't promise to support Palin for president
Sen. John McCain said Sunday he would not necessarily support his former running mate if she chose to run for president. Speaking to ABC's "This Week," McCain was asked whether Alaska Gov. Sarah Palin could count on his support.
Washington Post: Executive Pay Limits May Prove Toothless
Congress wanted to guarantee that the $700 billion financial bailout would limit the eye-popping pay of Wall Street executives, so lawmakers included a mechanism for reviewing executive compensation and penalizing firms that break the rules. But at the last minute, the Bush administration insisted on a one-sentence change to the provision, congressional aides said.
Washington Times: Records show McCain more bipartisan
Sen. John McCain's record of working with Democrats easily outstrips Sen. Barack Obama's efforts with Republicans, according to an analysis by The Washington Times of their legislative records.
CNN: Rove: Some McCain ads don't pass '100 percent truth' test
Former Bush adviser Karl Rove suggested Sunday that John McCain had gone “one step too far” in some of his recent ads attacking Barack Obama.
CNN: Preston on Politics: Memorabilia helps preserve convention history
The fireworks over Denver and balloon drop in St. Paul are distant memories of the 2008 presidential conventions, but Harry Rubenstein and Larry Bird hope the handful of Democratic and Republican delegates who pledged to help preserve history keep their word.
Click here to watch the video.
AP: Poll: Public opposes increased presidential power
Americans strongly oppose giving the president more power at the expense of Congress or the courts, even to enhance national security or the economy, according to a new poll.
CNN Radio: The political race, the NASCAR race, and the fundraising race
The checkered flag is seven weeks away and Sen. McCain was in New Hampshire, possibly appealing to voters in the south with a pit-stop at a NASCAR race. Meanwhile, Sen. Obama stays ahead in the fundraising race. CNN Radio’s Bob Costantini has today’s radio ticker.
WSJ: Palin's Project List Totals $453 Million
Last week, Republican presidential candidate Sen. John McCain said his running mate, Alaska Gov. Sarah Palin, hadn't sought earmarks or special-interest spending from Congress, presenting her as a fiscal conservative. But state records show Gov. Palin has asked U.S. taxpayers to fund $453 million in specific Alaska projects over the past two years.
* Sen. John McCain holds a Road to Victory Rally in Jacksonville, Florida.
* Gov. Sarah Palin holds a Road to Victory Rally in Golden, Colorado.
* Sen. Barack Obama holds a Change We Need Event in Grand Junction, Colorado.
* Sen. Joe Biden holds two rallies in Michigan.
AP: Obama mocks McCain as computer illiterate
John McCain is mocked as an out-of-touch, out-of-date computer illiterate in a television commercial out Friday from Barack Obama as the Democrat begins his sharpest barrage yet on McCain's long Washington career.
AP: Palin administration may fight subpoenas in court
Gov. Sarah Palin's administration is threatening to block any subpoenas by the Alaska Legislature as it investigates whether she abused her authority in trying to have her former brother-in-law fired as a state trooper.
CNN: McCain, Obama find common ground on national service
Sens. John McCain and Barack Obama showed Thursday night that they have more common ground than differences when it comes to making national service a priority in their presidential administrations.
USA TODAY: Palin 'governed from the center,' went after big oil
Weeks after taking office as Alaska's governor in December 2006, Sarah Palin vetoed a bill that sought to ban benefits for the same-sex partners of state workers. It was unconstitutional, she said.
CNN Radio: Candidates come together, Palin answers tough questions
Joining together to remember America's darkest day. And Sarah Palin faces a media inquisitor! Bob Costantini has today's CNN Radio Political Ticker.
Washington Post: Palin Links Iraq to Sept. 11 In Talk to Troops in Alaska
Gov. Sarah Palin linked the war in Iraq with the Sept. 11 terrorist attacks, telling an Iraq-bound brigade of soldiers that included her son that they would "defend the innocent from the enemies who planned and carried out and rejoiced in the death of thousands of Americans."
* Sen. John McCain appears on “The View” and “The Rachel Ray Show.”
* Gov. Sarah Palin’s first conversation with a national reporter since her selection continues Friday when she meets again with ABC’s Charlie Gibson.
* Sen. Barack Obama is on the trail in New Hampshire, holding a morning discussion on tax relief in Dover and a 6pm Change We Need event in Concord.
* Sen. Joe Biden has no public events.
Bloomberg: Obama, McCain Put Politics Aside to Mark Sept. 11 Anniversary
Barack Obama and John McCain will put their presidential ambitions on hold today to make an unprecedented joint appearance at a commemoration marking the seventh anniversary of the worst terrorist attack on U.S. soil.
NYT: Squad of G.O.P. Aides Prepares Palin for Interviews
Two weeks ago, People magazine was granted an exclusive interview with Senator John McCain’s new running mate, Gov. Sarah Palin of Alaska, who spoke about motherhood and career, life in Alaska and the historic nature of her candidacy.
USA TODAY: Palin's town used to bill victims for rape kits
In 2000, Alaska lawmakers learned that rural police agencies had been billing rape victims or their insurance companies $500 to $1,200 for the costs of the forensic medical examinations used to gather evidence. They quickly passed a law prohibiting the practice.
AP: Coverage guarantee can hit young the hardest
Barack Obama's campaign promise should prove irresistible to the millions of uninsured: guaranteed access to affordable health coverage, regardless of illness or condition.
NYT: Palin’s Pipeline Is Years From Being a Reality
When Gov. Sarah Palin of Alaska took center stage at the Republican convention last week, she sought to burnish her executive credentials by telling how she had engineered the deal that jump-started a long-delayed gas pipeline project.
Politico: Palin team stocked with Bush veterans
With Sarah Palin facing unrelenting press scrutiny and enjoying off-the-charts excitement from voters, John McCain’s campaign is quickly moving to augment her staff and put in place an infrastructure that can address the unexpected wave of interest.
* Sen. John McCain and Sen. Barack Obama are at Ground Zero for a ceremony to mark the 7th anniversary of the September 11th attacks. Both candidates later speak at the Service Nation Summit Presidential Candidates Forum at Columbia University. Earlier in the day, Sen. Obama has a working lunch with Former President Bill Clinton.
* Gov. Sarah Palin attends her son Track’s deployment ceremony near Fairbanks, Alaska.
* Sen. Joe Biden holds a discussion with First Responders in Parma, Ohio.