Specter Will Vote Against Employee Free Choice Act  —  UPDATE: Senator Specter ended speculation on where he would come down on the Employee Free Choice Act by declaring, on the Senate floor, that he would oppose the legislation until the economy improves.  —  “The problems of a recession …

Dems propose cutting Obama budget by billions  —  CNN Congressional Producer  —  WASHINGTON (CNN) — Hours before President Obama was to hold a prime-time news conference — in part to boost his $3.6 trillion budget plan — a key Democratic senator Tuesday unveiled a scaled-down budget proposal.

K-Lo & Crew: Only Republicans Should be Honored at Catholic Colleges  —  Right-wing Catholics are furious that President Obama is [defiling the sanctity of] delivering the commencement address at Notre Dame.  —  K-Lo called it “disgraceful,” grunting, “They took a giant step away …

Obama's 2nd press conference live-blog  —  9:05 pm — The press conference is over, not having gone the full hour.  Obama didn't make any news either way.  There won't be any new controversies coming out of this press conference, which is the first way of measuring the success or failure of these staged events.

Obama Sees ‘Signs of Progress’  —  WASHINGTON — President Barack Obama said Tuesday night that “signs of progress” are emerging from his administration's efforts to tackle the severe economic recession the U.S. is undergoing.  —  He said that the multi-pronged strategy put in place …

The GOP's Cheney Problem  —  The least popular vice-president in memory is not helping the Republicans regroup - according to this piece from the Hill.  But Cheney is not giving these disgraceful and classless interviews to help the GOP.  He's giving them because it is beginning to dawn …

U.S. bill seeks to rescue faltering newspapers  —  WASHINGTON (Reuters) - With many U.S. newspapers struggling to survive, a Democratic senator on Tuesday introduced a bill to help them by allowing newspaper companies to restructure as nonprofits with a variety of tax breaks.

Dems Hammer GOP's New “Too Many Ideas” Strategy  —  Dems are opening fire on the GOP in response to our story below, which quotes Mitch McConnell's spokesperson saying that the GOP will start attacking the Obama administration for throwing out too many ideas on the economy, with not enough cohesion.

Culture Shock  —  What happened when one conservative Web site ventured outside the movement bubble.  —  Last May, Conor Friedersdorf, a twenty-eight-year-old recent graduate of NYU's Journalism School, decided he was going to save conservative journalism.

Treasury rewards waiting  —  Maybe it was worth the wait.  —  Judging from preliminary details, the US Treasury's plan to rescue the financial system is a lot savvier about the relationship between financial markets and the macroeconomy than are the usual-suspects: critics from both left …

Coleman won't rule out federal appeal  —  Former Sen. Norm Coleman is still considering taking his election lawsuit to the federal court if he's unsuccessful in reversing Al Franken's 225-vote lead in the Minnesota Senate recount.  —  Speaking to reporters at the Capitol …

A major difference between conservatives and progressives  —  (updated below - Update II)  —  One of the linchpins of the Bush presidency, especially during the first term (and well into the second, until he became a major political liability), was the lock-step uncritical reverence …

Money For Nothing  —  Jilted Wall Street donors should rethink future political donations.  —  An honest politician, as an old saw has it, is one who stays bought.  If this is true, then we have the most dishonest bunch of officeholders ever, and it may lead Wall Street to reconsider its donations in the future.

Open for Questions: President Obama to Answer Your Questions on Thursday  —  Today, the President invited everyone to use a new feature on WhiteHouse.gov called “Open for Questions” to ask a question about the economy and rate other questions up or down.  Then, on Thursday morning …

The 1966 Election's Warning to Obama  —  It was a historic tidal wave of rejection.  Symbolized by, of all things, housewives boycotting supermarkets.  And the active participation of seven future presidents of the United States.  —  The 1966 “off year” or congressional elections …

On Campus: The Pro-Palestinians' Real Agenda  —  During a recent visit to several university campuses in the U.S., I discovered that there is more sympathy for Hamas there than there is in Ramallah.  —  Listening to some students and professors on these campuses, for a moment I thought …

Commentary: Legalize drugs to stop violence  —  Editor's note: Jeffrey A. Miron is senior lecturer in economics at Harvard University.  —  CAMBRIDGE, Massachusetts (CNN) — Over the past two years, drug violence in Mexico has become a fixture of the daily news.

Reines storm: Clinton conflict brews  —  Hillary Clinton's departure for the State Department was meant to end the era of Clinton drama, and to leave the turmoil of her campaign behind.  But one former Clinton aide, now a senior adviser to Secretary Clinton, has brought at least some of that drama along with him.

Meghan McCain: ‘I support the president’  —  (CNN) — Meghan McCain, a contributor to TheDailyBeast.com, is the daughter of Sen. John McCain and Cindy McCain.  But it's her recent verbal sparring with conservative Republicans that's put her in the spotlight.

Maxine Waters Puts On Her Goldman Sachs Conspiracy Hat (CLIP)  —  Whenever they hold these banking hearings, there are two people we enjoy hearing from: Ron Paul and Maxine Water.  Ron Paul because he challenges the administration on core questions of monetary theory and that's fun.