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12:20 AM ET, February 8, 2009

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Ian Welsh / Firedoglake:
Senate “Moderates” Cut 1 1/4 Million Jobs from Stimulus Bill  —  (Update: New numbers have come out indicating cuts are 88 billion, not the 120 we heard last night.  In that case the difference between the original Senate and the Gang of four compromise would be 951,000.)
Henri E. Cauvin / Washington Post:
Steele's Campaign Spending Questioned  —  Agents Contact Sister After Ex-Aide's Claims  —  Michael S. Steele, the newly elected chairman of the Republican National Committee, arranged for his 2006 Senate campaign to pay a defunct company run by his sister for services that were never performed …
RELATED:
Steve Hayward / The Corner:
Steele Hit Job
Andrew Malcolm / Top of the Ticket:
New RNC chair Michael Steele on stimulus bill and spending
Discussion: Matthew Yglesias and Brendan Nyhan
Patrick Healy / New York Times:
No President Needs This Kind of Exposure  —  So far six audience members have stormed out midperformance of the Broadway show “You're Welcome America.  A Final Night with George W Bush,” the comedian Will Ferrell's lampooning of the 43rd president, according to those keeping count at the Cort Theater.
Washington Post:
Two Sides of a Debate  —  THE $780 BILLION stimulus package deal reached by a bipartisan group of senators and the White House Friday was the culmination of a frenzied week that reflected two strains of politics.  One embraced President Obama's attempt to rise above the partisan squabbles that too often have paralyzed Washington.
RELATED:
CNN:
Senators debate stimulus compromise
Discussion: The Moderate Voice and The Corner
Boston Globe:
Street artist arrested on way to event at ICA  —  Shepard Fairey, the controversial street artist riding a roller coaster of publicity with his red, white, and blue posters of President Obama, was arrested last night on his way to deejay an event kicking off his exhibition at the Institute of Contemporary Art.
Tim Shipman / Telegraph:
CIA warns Barack Obama that British terrorists are the biggest threat to the US  —  Barack Obama has been warned by the CIA that British Islamist extremists are the greatest threat to US homeland security.  —  American spy chiefs have told the President that the CIA has launched …
N. Gregory Mankiw / New York Times:
It's No Time for Protectionism  —  WHAT approach will the Obama administration and the Democratic majority in Congress take on international economic policy?  It is too early to say for sure, but the signs so far are worrying.  —  Just before his confirmation as Treasury secretary …
Karina / The Gavel:
What 3.6 Million Jobs Lost Over 13 Months Looks Like  —  This chart compares the job loss so far in this recession to job losses in the 1990-1991 recession and the 2001 recession - showing how dramatic and unprecedented the job loss over the last 13 months has been.
The White House:
Compromise  —  There was bad news and then there was good news.  —  Yesterday we learned that in January, the country suffered its largest one-month job loss in 34 years.  —  But last night, the Senate struck a compromise on the economic recovery plan and put us on our way to giving …
RELATED:
Mark Silva / The Swamp:
Obama: $800-billion ‘time for action now’
Myglesias / Matthew Yglesias:
Payroll Tax Cuts as Stimulus  —  It seems that J.M. Keynes himself thought this was a good idea.  And, indeed, it strikes me as indefensible that a stimulus package featuring hundreds of billions of dollars of tax cuts doesn't include any FICA provisions.  Payroll tax cuts wouldn't be my first choice …
Discussion: The Corner and Kevin Drum
Steve Benen / Washington Monthly:
FIDDLING.... Matt Yglesias has raised this observation a few times in recent weeks, but it's a good point that bears repeating. … Quite right.  There are differences of opinion about the merit of President Obama giving Congress a “deadline” on the stimulus package, but the fact remains …
RELATED:
Orange County Register:
Mark Steyn: Obama mythology could use some stimulus  —  Far from walking on water, president seems all at sea.  —  Recommend  —  In The Washington Post, E.J. Dionne tried to break it gently to us:  —  “No occupant of the White House has ever been able to walk on water.”
Discussion: Gateway Pundit and GINA COBB
New York Times:
Biden Signals U.S. Is Open to Deal With Russia on Missiles  —  MUNICH — Vice President Joseph R. Biden Jr. said Saturday that the United States will pursue a missile defense plan that has angered the Kremlin, but he also left open the possibility of compromise on the issue and struck …
RELATED:
Washington Post:   Biden Addresses Munich Conference
Washington Post:
Echoes From the Campaign Trail  —  Obama Returns to Aggressive Approach as Nominations Fail, Stimulus Teeters  —  President Obama retreated to the serenity of Camp David for the first time yesterday, stepping back briefly from a presidency that has quickly found itself tested by a loyal opposition …
Discussion: TPMCafe
Jodi Kantor / New York Times:
Back on World Stage, a Larger-Than-Life Holbrooke  —  Stashed in a drawer in his Manhattan apartment between snapshots of family vacations, a photograph shows Richard C. Holbrooke on a private visit to Afghanistan in 2006.  He is mugging atop an abandoned Russian tank, flashing a sardonic V …
Sean Cockerham / Anchorage Daily News:
Palin's husband, aides found in contempt by Senate  —  TODD PALIN, OTHERS: No punishment urged in troopergate matter.  —  scockerham@adn.com  —  JUNEAU — The Alaska Senate voted Friday to find Gov. Sarah Palin's husband, Todd, and nine Palin aides in contempt for failing to show …
Discussion: Political Machine and TIME.com
 
 
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 More Items: 
Nancy Coppock / American Thinker:
The Cloward/Piven Strategy of Economic Recovery
Discussion: GINA COBB and Atlas Shrugs
Max Boot / Los Angeles Times:
Deja vu in Kabul
Discussion: Eunomia and American Power
John Amato / Crooks and Liars:
The RNC begs for help on right wing talk radio
 Earlier Items: 
Joby Warrick / Washington Post:
Nuclear Scientist A.Q. Khan Is Freed From House Arrest
Discussion: Hot Air and Cold Fury
Peter Berkowitz / Weekly Standard:
Waltzing Among the Rockets
BBC:
Latin America poverty ‘may soar’
Discussion: Fausta's Blog and PoliBlog
Mary Katharine Ham / Weekly Standard:
John Kerry: You Know What's the Problem With Stimulus Tax Cuts?
Discussion: QandO, Wizbang and Liberty Street
 

 
From Mediagazer:

Lachlan Cartwright / The Ankler:
Sources: MSNBC renewed Rachel Maddow's contract early this fall, but with a pay cut; MSNBC bosses' plan to shake up daytime and weekend programming

Caitlin Huston / The Hollywood Reporter:
Internal memo: Hearst Magazines president announces layoffs as part of a decision to “reallocate resources” to “continue our focus on digital innovation”

Jon Brodkin / Ars Technica:
FCC Chairwoman Jessica Rosenworcel announced she will leave the agency on January 20; she was the first woman to be confirmed to lead the agency

 
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