Steele to Rush: I'm sorry  —  Republican National Committee Chairman Michael Steele says he has reached out to Rush Limbaugh to tell him he meant no offense when he referred to the popular conservative radio host as an “entertainer” whose show can be “incendiary.”

Panel Says Ron Kirk Underpaid Taxes  —  (Credit: Nicholas Kamm/AFP/Getty Images)  —  Leaders of the Senate Finance Committee this afternoon revealed that another of President Obama's nominees — U.S. Trade Representative-designate Ron Kirk — has tax problems.

Obama ‘ready to drop shield plans for Russian help on Iran’  —  Washington has told Moscow that Russian help in resolving Iran's nuclear program would make its missile shield plans for Europe unnecessary, a Russian daily said on Monday, citing White House sources.

Obama releases secret Bush anti-terror memos  —  Featured Topics: - Barack Obama - Presidential Transition  —  WASHINGTON - The Obama administration threw open the curtain on years of Bush-era secrets Monday, revealing anti-terror memos that claimed exceptional search-and-seizure powers …

THE DOW-JONES INDUSTRIAL AVERAGE since the passage of the stimulus bill.  Looks like a vote of “no confidence” to me.  —  UPDATE: Can you say “going John Galt?”  Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan.  “A 63-year-old attorney based in Lafayette, La. …

Fannie and Freddie Are Unlikely to Be Restored  —  Despite assurances that the takeover of Fannie Mae and Freddie Mac would be temporary, the giant mortgage companies will most likely never fully return to private hands, lawmakers and company executives are beginning to quietly acknowledge.

Facebook Reddit Digg Print this article  —  Here's the database you all have been waiting for - the FY 2009 Omnibus with 8,570 earmarks worth $7.7 billion.  Since the Senate started debate on the bill today, we tabulated the Senate recipients of earmarks - from top to bottom.

How low will the stock market go  —  According to Henry Blodget, probably a lot farther: … Incidentally, if you think that people still have a vestigial view of housing as an investment asset rather than a consumption good with residual value, this implies that housing will substantially undershoot as well.

Dow Falls Below 6,800; Lowest Close Since '97  —  Fears that the world's economies are even weaker than had been thought ricocheted around the globe on Monday as investors from Hong Kong to London to New York bailed out of stocks.  —  Losses cascaded from one market to the next as concern spread …

Pelosi Snowed-Out of Global Warming Rally  —  (CNSNews.com) - Speaker of the House Nancy Pelosi (D-Calif.) had to cancel an appearance Monday at a global warming rally in Washington, D.C., that was hit by a snowstorm because her flight was delayed, her office told CNSNews.com.

Is Obama embracing the lawless, omnipotent executive?  —  (updated below - Update II)  —  As I detailed over the weekend, the Obama administration — in the case brought by two American lawyers and their charity-client claiming that their conversations were illegally intercepted …

U.S. rescue efforts may risk double-dip recession  —  WASHINGTON (Reuters) - U.S. companies, consumers and communities may grow so addicted to government financial help that cutting them off could trigger another recession soon after the current one ends.  —  Between the U.S. Federal Reserve's …