Mel Martinez To Retire  —  Florida Sen. Mel Martinez (R) has decided against seeking a second term, a decision he will formalize shortly in the Sunshine State, according to an informed party source.  —  Martinez's decision was based on a desire for more free time and a less scheduled life, said the source.

Ford Will Speed Green-Car Launches  —  CEOs of Ford, GM Will Accept $1 Salaries in U.S. Bailout; UAW Leaders to Meet to Discuss Labor Pacts  —  The Big Three auto makers will submit recovery plans to Congress on Tuesday that emphasize cost-cutting, downsizing and renewed emphasis …

Bill Clinton not interested in wife's Senate seat  —  WASHINGTON (CNN — Former President Bill Clinton has no interest in replacing his wife in the U.S. Senate, his spokesman said, adding any speculation that he would be interested is “completely false.”  —  As Hillary Clinton prepares …

Gregory to host ‘Meet the Press’  —  NBC News plans to name David Gregory as moderator of “Meet the Press,” infusing one of television's most prized franchises with a sharp edge leavened by a youthful style and versatility, according to network executives.  —  Gregory, 38, celebrated …

Murkowski to Palin: Leave my seat alone  —  Alaska Sen. Lisa Murkowski has some Republican-to-Republican advice for Gov. Sarah Palin: If you want to make a run at the White House, keep your hands off my Senate seat.  —  Murkowski, up for reelection in 2010, is nervously awaiting word …

Report Sounds Alarm on Threat of Weapons of Mass Destruction  —  The odds that terrorists will soon strike a major city with weapons of mass destruction are now better than even, a bipartisan congressionally mandated task force concludes in a draft study that warns of growing threats from rogue states …

The Sovereignty Dodge  —  What Pakistan Won't Do, the World Should  —  “We don't think the world's great nations and countries can be held hostage by non-state actors,” Pakistani President Asif Ali Zardari said yesterday.  Fair enough.  But what is the world to do when those non-state actors operate …

Pardon Is Back in Focus for the Justice Nominee  —  WASHINGTON — In the much praised career of Eric H. Holder Jr., President-elect Barack Obama's choice to be attorney general, there is one notable blemish: Mr. Holder's complicated role in the 2001 pardon of Marc Rich, a billionaire financier …

49 days to Inauguration — Obama offers ‘hand of friendship and cooperation’ to Republican governors — David Gregory to be named moderator of ‘Meet the Press’  —  The billion-dollar man: Team Obama has helped raise more than $900m — Nancy Cordes will be CBS News congressional correspondent - Anniversary today: Autumn and Jim VandeHei

INSULTS.  —  One of the clever things about the Catholic church has been it's ablity to maintain its status as a political force and a tiny state, and have some effect as a kind of diplomatic go-between and agenda setter.Think of the Vatican as the internationl equivalent of D.C. “Congresswoman” Eleanor Holmes Norton, say.

Lieberman now praising Obama  —  Sen. Joe Lieberman, the maverick lawmaker from Connecticut, has praised President-elect Barack Obama's national security team after criticizing Obama's ability to lead during wartime earlier this year.  —  Lieberman, the Democrat-turned-independent …

Gates's Top Deputies May Leave  —  Major Shifts at Pentagon Anticipated in Obama Administration  —  Although President-elect Barack Obama's decision to keep Robert M. Gates at the helm of the Pentagon will provide a measure of continuity for a military fighting two wars …

Economic Signs Point to Longer, Deeper Recession  —  Decline Began a Year Ago, Experts Declare; Wall Street Reacts With Huge Sell-Off  —  The U.S. economy entered a recession one year ago, a group of the nation's leading economists said yesterday, and new evidence that the downturn will be deep …

Federal Reserve Policies in the Financial Crisis  —  It is a privilege for me to be here in Texas, and I would like to thank the Austin Chamber for hosting this luncheon.  The Texas economy is strong and diversified, accounting for more than a trillion dollars of output last year.

Fiscal Policy Puzzles  —  As a student of Alan Blinder, Larry Summers, and Stanley Fischer, I was trained to view the short-run effects of fiscal policy through the lens of Keynesian macroeconomic theory.  I am sure that many of the economists in the new Obama administration share that intellectual framework.

Limbaugh calls Obama's selection of Clinton ‘a brilliant stroke’  —  (CNN) — Rush Limbaugh seems to have given Hillary Clinton his stamp of approval for the second time this year.  —  The conservative talk show host — who urged supporters during the primary season to back Clinton in an effort …