Top Items:
Eric Dash / New York Times:
Saving Citi May Create More Fear — One bailout was not enough for Citigroup. And it may not be enough for other big banks. — While Citigroup's second multibillion-dollar rescue from Washington hit Wall Street like a shot of adrenaline on Monday, many analysts worried that the jolt would soon wear off.
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Bloomberg:
Treasury, Fed Said to Unveil Plan to Bolster Consumer Financing — Nov. 25 (Bloomberg) — The U.S. Treasury and Federal Reserve will unveil as soon as today a lending program to shore up the consumer-finance market, using money from the government's $700 billion rescue, two people familiar with the effort said.
Discussion:
naked capitalism
Bloomberg:
Paulson May Ask for Remaining $350 Billion of TARP — Nov. 24 (Bloomberg) — Treasury Secretary Henry Paulson, less than a week after indicating he would let the Obama administration decide how to use the second half of the $700 billion financial fund, is considering asking for the money.
Discussion:
Free exchange
Deborah Solomon / Wall Street Journal:
New Facility Targets Consumer Lending — Treasury Secretary Henry Paulson, seeking to ease strains in the consumer credit market, plans to announce Tuesday the formation of a program to increase the availability of auto loans, student loans and credit cards, according to people familiar with the matter.
Discussion:
The Swamp
Associated Press:
Bush pardons 14 individuals — Outgoing president also commutes the prison sentence of two others — WASHINGTON - The Associated Press has learned that President George W. Bush has granted pardons to 14 individuals and commuted the prison sentences of two others.
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Michael Winter / On Deadline:
Bush pardons 14, commutes 2 sentences
Bush pardons 14, commutes 2 sentences
Discussion:
PR Newswire, Firedoglake, TalkLeft, Townhall.com, THE LIBERAL JOURNAL and DownWithTyranny!
Roger Simon / The Politico:
GOP senator: We haven't learned — The Republican U.S. senator sits glumly across the restaurant table. — “I don't think we have learned much from the election in terms of what people want to see,” he says. “We have the same gridlock.” — By the “same gridlock,” he means that party hard-liners …
Change.gov:
Geithner, Summers among key economic team members announced today — Chicago — President-elect Barack Obama and Vice President-elect Joe Biden officially announced key members of their economic team today, naming Timothy Geithner as Secretary of the Treasury and Lawrence Summers as Director of the National Economic Council.
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Alexander Bolton / The Hill:
For Collins, forgiveness may be tough — The tactics used by Democrats to secure at least 58 Senate seats may have damaged their chances of winning vital support from Sen. Susan Collins (R-Maine) in key votes in the 111th Congress. — Collins told colleagues at a small Senate prayer breakfast meeting …
Josh Kraushaar / The Politico:
Politico poll: Chambliss up by three — Republican Sen. Saxby Chambliss holds a narrow lead over Democrat Jim Martin in the Dec. 2 Georgia Senate runoff, according to a new Politico/InsiderAdvantage poll. — The poll shows Chambliss leading Martin by three points, 50 to 47 percent, with three percent of respondents undecided.
Discussion:
Hot Air
RELATED:
Eugene Volokh / The Volokh Conspiracy:
More on Hillary Clinton and the Emoluments Clause: — From Prof. Michael Stokes Paulsen, author of Is Lloyd Bentsen Unconstitutional?, 46 Stanford L. Rev. 907 (1994) (some paragraph breaks added, some glitches fixed with Prof. Paulsen's advance permission):
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David Kirkpatrick / New York Times:
For Lobbyists, No Downturn, Just a Turnover — WASHINGTON — Richard Hunt, a top Republican lobbyist for the securities industry, was among the first to go, just a week after the election. Marc Racicot, the president of the American Insurance Association and former Republican Party chairman, resigned a few days later.
Julie Hirschfeld Davis / Associated Press:
Obama, Democrats plan $500B economic package — WASHINGTON (AP) — Congressional Democrats and President-elect Barack Obama are laying the groundwork for quick enactment in January of a giant, two-year economic rescue package that will total about a half-trillion dollars.
Discussion:
TIME.com
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Jim Kuhnhenn / Associated Press:
Obama's tax hike for the rich may be delayed
Obama's tax hike for the rich may be delayed
Discussion:
Scared Monkeys
Jason Trahan / Dallas Morning News:
Holy Land Foundation defendants guilty on all counts — jtrahan@dallasnews.com — A jury on Monday determined that the Holy Land Foundation and five men who worked with the Muslim charity were guilty of three dozen counts related to the illegal funneling of at least $12 million to the Palestinian terrorist group Hamas.
Discussion:
Counterterrorism Blog, Power Line, Israel Matzav, TalkLeft, On Deadline, Harry's Place, Wizbang and Jihad Watch
RELATED:
Jeff Montgomery / delawareonline:
Minner naming Ted Kaufman to fill Biden's seat — Gov. Ruth Ann Minner said today she will appoint Ted Kaufman, a longtime, close adviser to Sen. Joe Biden, to fill the senator's seat until a 2010 special election, a move that some warned could leave Delaware Democratic Party feelings bruised for years to come.
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Jim Abrams / Associated Press:
Federal deficit could hit $1 trillion this year — Featured Topics: - Barack Obama - Presidential Transition — WASHINGTON - Budget hawks were aghast when the federal deficit hit a record $455 billion in fiscal 2008, more than double the previous year. — That figure could double again in 2009 …
Dan Wentzel / Washington Post:
Bigotry on the Bus — A week after the election, I was riding the bus home in Santa Monica when we went past one of the many protests around the city against the narrow passage of Proposition 8, which amended the California constitution to eliminate marriage rights for an entire class of people.
Mark Steyn / The Corner:
Moonstruck — On Friday I had the honor of addressing the Federalist Society in Washington on the matter of my free-speech travails up north. And, in response to a question on whether the Canadian “Human Rights” Commission were surprised that I'd pushed back against them …
Chris Wallace / Fox News:
Transcript: Reps. Hoyer and Boehner on ‘FNS’ — WASHINGTON — WALLACE: And we're back to discuss the possible auto bailout and how Congress will work with the incoming Obama administration. — Joining us, two men who will have a big say in all that, House majority leader Steny Hoyer, and the Republican leader John Boehner.
Bob Egelko / San Francisco Chronicle:
State high court opens door for prosecuting some medical pot suppliers — (11-24) 14:41 PST SAN FRANCISCO — Someone who supplies marijuana to a patient who has a doctor's approval for it can be prosecuted for drug-dealing, the state Supreme Court ruled today in a narrow interpretation of California's medical marijuana law.
Discussion:
NORML