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House, Senate Negotiators Reach Agreement on Stimulus — Final Bill Scales Down Total Package to About $789 Billion — House and Senate negotiators reached agreement today on a stimulus plan with a cost of about $789 billion after scaling down the versions passed by both houses, congressional leaders announced.
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Washington Monthly, The Plum Line, Wonkette, The Atlantic Business Channel, Democratic Strategist, The RBC, TalkLeft and The Reaction
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Senators Announce Stimulus Agreement — WASHINGTON — Senate negotiators announced on Wednesday an agreement on a $789 billion economic stimulus bill, apparently clearing the way for final Congressional action and President Obama's signature. But House conferees were not so quick to endorse the package.
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Seattle Times, The Moderate Voice, Associated Press, The Caucus, Balloon Juice, The Nation, TalkLeft, ProPublica, Shopfloor, Wonk Room and Le·gal In·sur·rec·tion


Key lawmakers reach deal on $789B stimulus bill — Featured Topics: - Barack Obama - Presidential Transition — WASHINGTON - Moving with lightning speed, key members of the Senate announced agreement Wednesday on a $790 billion stimulus bill to create millions of jobs, and said President Barack Obama could sign the bill within days.
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Bloomberg, The Politico, No More Mister Nice Blog, Washington Monthly, D-Day, Political Machine, MyDD, Reuters and Hullabaloo


Deal on stimulus bill struck, not finalized — WASHINGTON (CNN) — Lawmakers said they had resolved the differences between the House and Senate versions of the economic stimulus bill, but it's not a done deal. — Senate Majority Leader Harry Reid met with House Speaker Nancy Pelosi …

Republicans Shut Out of Stimulus Conference Negotiations — Republicans have caught the Democrats in a midnight “stimulus” power play that seeks to cut Republican conferees out of the House-Senate negotiations to resolve a final version of the Obama “stimulus” package.

Cantor's Office Responds: Video Depicting AFSCME Members As Goons — Updated below with call on Cantor to apologize. — This isn't going to make the big unions very happy. GOP House leader Eric Cantor's office has come up with an intriguing response to the AFSCME ad bllitz targeting GOP leaders …
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GOP Rep. Cantor Attacked For Profanity-Laced Web Video — UPDATE: Rep. Eric Cantor has apologized, via a spokseperson: … As first reported by The Plum Line, Virginia Republican Eric Cantor is in hot water after responding to critics with a profane web video.


Steve Austria (R-OH) Doesn't Know When the Depression Happened — Austrian economics (pardon the pun) continues to take over the Republican Party: … Probabilities indicate that this is not the stupidest conservative in congress.
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Rep. Steve Austria: FDR caused the Great Depression.»
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MoJoBlog

67% Say They Could Do A Better Job On The Economy Than Congress — When it comes to the nation's economic issues, 67% of U.S. voters have more confidence in their own judgment than they do in the average member of Congress. — Nineteen percent (19%) trust members of Congress more …
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Solicitor general nominee says ‘enemy combatants’ can be held without trial — Elena Kagan tells a senator she agrees with Attorney General Holder that the U.S. is at war and therefore may detain suspected terrorists indefinitely. — Reporting from Washington — Harvard Law Dean Elena Kagan …
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So Exactly When Does “Change” …
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The Washington Independent

Give Geithner a Break — I don't think he did well yesterday. I don't know that he's the right guy for the job. But what I do know is the following: — 1. Nobody, absolutely nobody, has more incentive to get this right than the Obama Administration. If the economy collapses — well …
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Chicago Tribune, Open Left, The Moderate Voice, Real Clear Politics, MoJoBlog, New York Times and Oliver Willis

A rocky first few weeks — Obama sputters out of the gate — but don't fear yet. Plus: Buxom foodies, frocks for the ages, and the eternal appeal of Mary McCarthy and Justin Timberlake. — Money by the barrelful, by the truckload. Mountains of money, heaped like gassy pyramids in the national dump.
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Bailed-Out Firms Distributing Cash Rewards: “Please Do Not Call It A Bonus” — Two Wall Street firms that received at least $60 billion in government bailout funds will be rewarding their financial advisers with controversial retention payments, the terms of which one senior executive described as …
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Brave New Films blog, TPMMuckraker, Pam's House Blend, Think Progress, Christy Hardin Smith and The Impolitic

House Dems work to reinstate cuts — Some House Democrats are working furiously to reinstate funds the Senate cut from an $789 billion economic stimulus package speeding to the floor this week. — In particular, progressive Democrats and members of the Congressional Black Caucus …

RIGHT BEFORE THE ELECTION OF PRESIDENT HUSSEIN: “A $550 Billion Electronic Run on the Banks” … This is un-frickin-believable. The financial crisis was deliberate, planned, staged. Who made the run? … Electronic Run On Banks - $550 Billion Withdrawn In 1 Hour, Federal Reserve Halts Withdrawals …

So Far, Amateur Hour — The first however-many days of Barack Obama's presidency have been a study in amateurism. — Many suspected that Obama wasn't quite ready, but kept their fingers crossed. Optimistic disappointment is the new holding pattern. — What's missing from Obama's performance …
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Commentary

Where does the conservative movement go from here? — ANALYSIS/OPINION: — The conservative movement has a simple and almost certainly successful future if it does three things: — 1. Advocate first principles with courage, clarity, persistence and cheerfulness.
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The New Republic, Washington Monthly, No More Mister Nice Blog, The Reaction, QandO, Shakesville and Riehl World View

Behind The Palin Pull Out — Sarah Palin is pulling back from her post-election media spree by withdrawing from CPAC, a move that can only help her if she wants a national political role. — Palin's pull out CPAC is striking because it represents a break in her media modus operandi …
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The Campaign Spot


Obama on Sweden — In response to a very good question for ABC News' Terry Moran, President Barack Obama specifically addressed why he's rejected a “Swedish” approach to the financial crisis: … Obama makes two arguments here, one about scale and one about national tradition.

President Obama Set to Exceed President Bush's Deficits — “First of all, when I hear that from folks who presided over a doubling of the national debt, then, you know, I just want them to not engage in some revisionist history.” - President Barack Obama, February 9, 2009

A Stunning Israeli Election — As I noted, I'm pretty far from Israel (geographically, that is), but my cell phone works in the western desert, and I've been talking to friends in Tel Aviv. A number of quick observations: — 1. The stunner, for me at least: The Labor Party is dead.

Maxine Waters brings the crazy — Her questions to the bankers are so bizarre that they don't know what to do. Ken Lewis looks like a deer in the headlights as Waters asks her about offshore loss mitigation efforts. He can't even figure out what she's talking about …
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The Atlantic Business Channel

Town hall: House offered to homeless woman — LEE COUNTY — One moment from Tuesday's town hall touched the hearts of our viewers. Henrietta Hughes has been living in her car and made an emotional plea to the president for help. — “I have an urgent need,” Hughes told the president.

Report: ‘Dirty bomb’ parts found in slain man's home — Agency says radioactive materials recovered in home of man allegedly slain by his wife — BELFAST, Maine — James G. Cummings, who police say was shot to death by his wife two months ago, allegedly had a cache of radioactive materials …
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Riehl World View

Why Markets Dissed the Geithner Plan — Here's how he should handle the banks. — One of the cool things about being Treasury Secretary is that you get your signature on dollar bills, giving them authority, defending their honor. Timothy Geithner's plan to save the struggling banking system probably does …

A WIN IS A WIN — Longtime reader commenting on the stimulus deal:
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TalkLeft


Pair held for ‘offending Islam’ — The editor and publisher of a top English-language Indian daily have been arrested on charges of “hurting the religious feelings” of Muslims. — The Statesman's editor Ravindra Kumar and publisher Anand Sinha were detained in Calcutta after complaints.
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Jihad Watch


CONGRESS $HOPPING CARTS — WASHINGTON - “Fore!” — The federal government is preparing to spend millions to purchase a fleet of small electric vehicles that critics compare to golf carts. — The $838 billion economic stimulus bill that passed the Senate yesterday contains $300 million …


Sarah Palin turns 45 today. How are you celebrating? — Well, today is the Big 4-5 Sarah Louise Palin, the lipstick-wearing, pit-bull hockey mom whom some folks still can't get enough of — and others long ago did. (But, look, you're still here reading!)
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The Moderate Voice, Los Angeles Times, The Huffington Post, MSNBC, Political Machine, Wonkette and The Huffington Post