Obama to Break Promise, Opt Out of Public Financing for General Election  —  In a web video to supporters — “the people who built this movement from the bottom up” — Sen. Barack Obama, D-Illinois, announced this morning that he will not enter into the public financing system, despite a previous pledge to do so.

Deals With Iraq Are Set to Bring Oil Giants Back  —  BAGHDAD — Four Western oil companies are in the final stages of negotiations this month on contracts that will return them to Iraq, 36 years after losing their oil concession to nationalization as Saddam Hussein rose to power.

Lawmakers Reach Deal To Expand Surveillance  —  WASHINGTON — After more than a year of partisan acrimony over government surveillance powers, Democratic and Republican leaders have agreed to a bipartisan deal that would be the most sweeping rewrite of spy powers in three decades.

Obama, telecoms and the Beltway system  —  As noted yesterday, Blue Dog Rep. John Barrow of Georgia has been one of the most enthusiastic enablers of the radical and lawless policies of the Bush administration.  When running for re-election, he ran ads accusing his own party of wanting to …

Bombshell: House Democrats Call for Government Takeover of Oil Refineries  —  Should the Federal Government Run the Entire Oil Industry?  Senior Dem Says: “To Me, That Sounds Like a Very Good Idea”  —  Two weeks ago, Rep. Maxine Waters (D-CA) shocked many observers when she admitted …

Russert's Son Sounds a Theme of Unity at Funeral  —  WASHINGTON — In death, Tim Russert did on Wednesday what no living journalist has accomplished this campaign season: he got Barack Obama and John McCain to sit together and talk, quietly.  —  Specifically, it was Mr. Russert's son, Luke …

Sue OPEC  —  THE president of the United States has the power to attack, and perhaps destroy, the Organization of the Petroleum Exporting Countries, the illegal cartel that has driven the price of oil over $130 per barrel.  This can be accomplished without invasion or bombing.  No special legislation is needed.

Top Sadrist official arrested in Amarah  —  BAGHDAD (AP) — Iraqi troops on Thursday arrested the top official in Amarah, a Muqtada al-Sadr loyalist, officials said, drawing swift condemnations from followers of the anti-U.S. cleric and raising tensions as a military operation against Shiite militias got under way.

Rumsfeld repays McCain; declines to back candidate  —  Former Secretary of Defense Donald Rumsfeld recently declined to answer whether he will support Sen. John McCain (R-Ariz.) for president.  —  McCain, the GOP presidential standard-bearer, has been one of Rumsfeld's harshest critics.

SUBPOENA BLITZ PUTS HEAT ON AL  —  IRS SEEKS INFO FROM TOP DONORS  —  The probe into the Rev. Al Sharpton's finances intensified this week, with the IRS sending out a flurry of subpoenas to his most generous corporate donors, The Post has learned.  —  Anheuser-Busch, the brewer of Budweiser …

Americans drive 1.4 billion fewer highway miles  —  WASHINGTON (CNN) — Americans drove 1.4 billion fewer highway miles in April than they did in April 2007, the Department of Transportation said Wednesday.  —  That marks the sixth consecutive monthly drop and coincides with record gas prices …

Pregnancy Boom at Gloucester High  —  As summer vacation begins, 17 girls at Gloucester High School are expecting babies—more than four times the number of pregnancies the 1,200-student school had last year.  Some adults dismissed the statistic as a blip.  Others blamed hit movies like Juno …

Obama and McCain Spout Economic Nonsense  —  Barack Obama and John McCain are busy demonstrating that in close elections during tough economic times, candidates for president can be economically illiterate and irresponsibly populist.  —  In Raleigh, N.C., last week, Sen. Obama promised …