Top Items:
Washington Post:
U.S. Seeks Expanded Power to Seize Firms — Goal Is to Limit Risk to Broader Economy — The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers …
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Washington Post:
Senate Will Delay Action on Punitive Tax on Bonuses — Jarred by a cool reception from the White House and fears of unintended consequences across the financial world, Senate leaders are likely to delay until late next month legislation to punitively tax bonuses at banks and investment firms that receive federal aid.
Discussion:
CBS News, CQ Politics, The Politico, This ain't Hell …, Runnin' Scared, Open Left and Mcauleysworld's Weblog
Alexander Bolton / The Hill:
House bonus bill is buried by the Senate — President Obama and Senate Democrats have buried a bill passed last week by the House that would have heavily taxed executive bonuses at bailed-out firms. — Despite the public outcry over $165 million in bonuses awarded at troubled insurer AIG …
Josh Marshall / Talking Points Memo:
MUST READ — There's an eye-opening, perhaps eye-popping, article in tomorrow's Journal ("Obama Dials Down Wall Street Criticism"), the gist of which is that over the last three months Obama and his team have learned that they've got to start respecting Wall Street and the big banks if they want to get anything done.
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Monica Langley / Wall Street Journal:
Obama Dials Down Wall Street Criticism — WASHINGTON — The Obama administration, after months of criticizing Wall Street, has been scrambling to woo top bankers and financiers to back its latest bailout plan. — In recent days, in spite of public furor over huge bonuses paid …
Discussion:
JustOneMinute, The Opinionator, Gawker, Washington Post, Shakesville, On Deadline, Open Left, Washington Monthly and Democracy in America
Jackie Calmes / New York Times:Rescue Plan, With Some Fine Print, Dazzles Wall Street
Discussion:
Wall Street Journal, The Hill, The Note, MSNBC, Philly.com, Bloomberg, Washington Post, Los Angeles Times, USA Today, marbury, Salon, The New Republic and Gawker
Molly K. Hooper / The Hill:
Go back into hiding, GOP begs Dick Cheney — Congressional Republicans are telling Dick Cheney to go back to his undisclosed location and leave them alone to rebuild the Republican Party without his input. — Displeased with the former vice-president's recent media appearances …
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Jamil Anderlini / Financial Times:
China calls for new reserve currency — China's central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund. — In an essay posted on the People's Bank of China's website, Zhou Xiaochuan …
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pbc.gov.cn:
Reform the International Monetary System — The outbreak of the current crisis and its spillover in the world have confronted us with a long-existing but still unanswered question,i.e., what kind of international reserve currency do we need to secure global financial stability …
David Barboza / New York Times:China Urges New Money Reserve to Replace Dollar
Discussion:
AmSpecBlog
Joe Dwinell / Boston Herald:
Poll of change: Obama's job approval slipping to ‘50-50’ — + Recent Articles + Recent Blog Entries + Email + Bio — The honeymoon is over, a national poll will signal tomorrow as President Obama's job approval stumbles to about 50 percent over the lack of improvement with the crippled economy.
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John / Power Line:
HOW WOULD HE PRONOUNCE “CASSIOPEIA”? — Everyone knows that Barack Obama is lost without his teleprompter, but his latest blunder, courtesy of the Milwaukee Journal Sentinel, via the Corner, suggests that the teleprompter may not be enough unless it includes phonetic spellings.
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Jonathan Martin / The Politico:
Obama seeks filter-free news — At a time when his Washington honeymoon is turning into a hazing, President Barack Obama and his team are launched on a strategy to sail above the traditional White House press corps by reaching out to liberal commentators, local reporters and ethnic media.
Jon Ward / Washington Times:
UPDATED: — President Barack Obama on Tuesday published an editorial in 31 newspapers around the world, from Riyadh to Hong Kong to New Delhi to Chicago, attempting to stake out a strong leadership position at next month's global economic summit in London. — “The United States is ready to lead …
Discussion:
The Raw Story
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Jeffrey M. Jones / Gallup:
AIG, Congress, Geithner Target of Bonus Backlash — No consensus on best way to recover bonus money — USA - Credit Crisis - Financial Services - Government and Politics - Americas - Northern America — PRINCETON, NJ — For the most part, the central players in the AIG bonus controversy …
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McClatchy Washington Bureau:
Congress isn't feeling much heat from Obama's ‘army’ — WASHINGTON — President Barack Obama's army of canvassers fanned out across the nation over the weekend to drum up support for his $3.55 trillion budget, but they had no noticeable impact on members of Congress, who on Monday said they were largely unaware of the effort.
Myglesias / Matthew Yglesias:
Build Transit Where It's Most Needed: In the Core — Reps. Gerry Connolly and Jim Moran, both good transit folks from Northern Virginia, have introduced a bill to study Metro expansion. This is a good idea and a welcome development, exactly the sort of thing I was hoping would come from Connolly getting elected.
Wall Street Journal:
Will Obama Listen to Iran's Bloggers? — Barack Obama extended the olive branch to Iran's leaders last Friday in a videotaped message praising a “great civilization” for “accomplishments” that “have earned the respect of the United States and the world.” The death of Iranian blogger Omid-Reza Mirsayafi …
Megan Slack / The Huffington Post:
Tammy Bruce Calls The Obamas “Trash In The White House” — Tammy Bruce, guest host for Laura Ingram's radio show, had some harsh words for First Lady Michelle Obama. — Discussing the first lady's visit to a Washington D.C. classroom last week, Bruce incredulously recalled Obama's story …
Charles Homans / Washington Monthly:
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.
Amanda Terkel / Think Progress:
O'Reilly Attacks Me As A ‘Villain’ For Highlighting His Rape Comments — As promised, tonight, Fox News host Bill O'Reilly aired his segment alleging that ThinkProgress caused “pain and suffering” to rape victims. Our unspeakable offense was contained in a March 1 blog post …
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