Democrats Back Down On Iraq Timetable  —  Compromise Bill in Works After Veto Override Fails  —  President Bush and congressional leaders began negotiating a second war funding bill yesterday, with Democrats offering the first major concession: an agreement to drop their demand for a timeline to bring troops home from Iraq.

Justice Dept. Announces Inquiry Into Its Hiring  —  The Justice Department has begun an internal investigation into whether a former senior adviser to Attorney General Alberto R. Gonzales improperly tried to fill vacancies for career prosecutors at the agency with Republicans loyal to the Bush administration …

Senior al Qaeda leader killed in Iraq: ministry  —  BAGHDAD (Reuters) - U.S. and Iraqi forces have killed the head of the self-styled Islamic State in Iraq, an al Qaeda-led militant group that has claimed many major attacks in the country, Iraq's deputy interior minister said on Thursday.

The Conservatism of Doubt in Action  —  Applying his well-known conservatism of doubt, Andrew Sullivan made the following post earlier this evening: … The Dateline Hollywood article Andrew links to includes quotes like: … As if this wasn't enough of a hint that the whole thing was a gag …

Video: Murtha says Petraeus is a political hack  —  Hypocrite.

Bush: "I'm the Commander Guy"  —  WASHINGTON, May 2-And you thought he was still "the decider."  —  President Bush coined a new nickname for himself — ''the commander guy" — on Wednesday, as he criticized Congressional Democrats in a speech to the annual gathering of the Associated General Contractors …

The Politico: Exhibit A for our broken political press  —  This week, the Bush administration sought vastly increased powers to spy on the telephone conversations of Americans, and then threatened to begin spying again illegally and without warrants.  It was revealed that Condoleezza Rice …

No safe way for U.S. to leave Iraq, experts warn … (CNN) — Pulling U.S. forces from Iraq could trigger catastrophe, CNN analysts and other observers warn, affecting not just Iraq but its neighbors in the Middle East, with far-reaching global implications.

G.O.P. Contenders Ponder What to Say About Bush  —  As they gather Thursday night at the Ronald Reagan Presidential Library for their first debate, the Republican presidential candidates are thrilled at the chance to associate themselves with Reagan.  But they may not be able to escape …

Iraqi Blocs Opposed to Draft Oil Bill  —  Kurdish and Sunni Arab officials expressed deep reservations on Wednesday about the draft version of a national oil law and related legislation, misgivings that could derail one of the benchmark measures of progress in Iraq laid down by President Bush.

Productivity—Not Stock Market—Shows the New Economy Lives  —  The Dow Jones industrials may already be back in record territory, but the S&P 500 has yet to return to its March 2000 high of 1527, though it's moved near the 1500 level.  And the Nasdaq, of course, is still off some 50 percent from its 2000 high.

Sometimes the Stock Does Better Than the Investor That Buys the Stock  —  Stocks have been a great investment in the last 80 years, with an average return of about 10 percent a year.  But have investors in the stock market done as well as stocks?  Surprisingly, the answer …