Cantor Watched Britney Spears Concert During Obama Presser, Landrieu Denies Rumors  —  There was more than one whip at last night's Britney Spears concert in Washington DC.  —  Three GOP aides confirmed to the Huffington Post that House Minority Whip Eric Cantor (R-Va.) …

Obama's bank plan could rob the taxpayer  —  The Geithner-Summers plan, officially called the public/private investment programme, is a thinly veiled attempt to transfer up to hundreds of billions of dollars of US taxpayer funds to the commercial banks, by buying toxic assets from the banks at far above their market value.

Ed Henry's take on exchange with Obama  —  Ed Henry, CNN's senior White House correspondent, got a tough answer from President Obama when he asked Tuesday night why Obama waited days to express outrage on the AIG bonuses.  “Because I like to know what I'm talking about before I speak,” Obama said.

Palin unplugged in speech to Alaska GOP dinner  —  (CNN) - Sarah Palin is teeing off on the media once again.  —  In a little-noticed speech to a GOP dinner in Alaska last week, Palin riffed for nearly an hour on a variety of topics — including her relationship with former McCain staffers …

Another Obama nominee withdraws  —  Chalk up another casualty in the Obama administration's attempts to staff federal agencies.  —  Jon Cannon, nominated to be the deputy director of the Environmental Protection Agency, pulled his name from consideration today, citing questions over a non-profit …

E.U. President Blasts U.S. Spending  —  Czech Premier Calls Obama Administration's Economic Policies ‘a Road to Hell’  —  The president of the European Union on Wednesday ripped the Obama administration's economic policies, calling its deficit spending and bank bailouts “a road to hell.”

US backing for world currency stuns markets  —  US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is “quite open” to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.

Cities Deal With a Surge in Shanty Towns  —  FRESNO, Calif. — As the operations manager of a outreach center for the homeless here, Paul Stack is used to seeing people down on their luck.  What he had never seen before was people living in tents and lean-tos on the railroad lot across from the center.

The Civil Heretic  —  FOR MORE THAN HALF A CENTURY the eminent physicist Freeman Dyson has quietly resided in Prince­ton, N.J., on the wooded former farmland that is home to his employer, the Institute for Advanced Study, this country's most rarefied community of scholars.

Steele On Rush Flap: “It's All Strategic”  —  Michael Steele just doesn't know how to stop.  —  Steele appeared on CNN this afternoon, and was asked by host Don Lemon whether he's ever considered running for president, and right off the bat he managed to give the sensible, correct answer …

Geithner to Propose Vast Expansion Of U.S. Oversight of Financial System  —  Treasury Secretary Timothy F. Geithner plans to propose today a sweeping expansion of federal authority over the financial system, breaking from an era in which the government stood back from financial markets …

The Fierce Urgency of Peace  —  Pressure on President Obama to recast the failed American approach to Israel-Palestine is building from former senior officials whose counsel he respects.  —  Following up on a letter dated Nov. 6, 2008, that was handed to Obama late last year by Paul Volcker …

DOUBLE-DIPPERS  —  CITI, BOFA BUYING BACK LAUNDERED LOANS AT LOWER RATES  —  As Treasury Secretary Tim Geithner orchestrated a plan to help the nation's largest banks purge themselves of toxic mortgage assets, Citigroup and Bank of America have been aggressively scooping up those same securities …

Obama's political arm buys TV time to pressure Congress  —  WASHINGTON (CNN) - After several e-mail pleas and a nationwide door-knocking campaign, President Obama's political arm will start airing a television commercial Thursday, urging voters to pressure Congress to approve his budget.

Auto Task Force to Back More Loans, With Strings  —  President Barack Obama last month handed his auto-industry team a seemingly impossible task: to engineer the most complicated industrial restructuring ever attempted by the federal government, and to do it fast.

U.S. to Detail Plan to Rein In Finance World  —  WASHINGTON — The Obama administration will detail on Thursday a wide-ranging plan to overhaul financial regulation by subjecting hedge funds and traders of exotic financial instruments, now among the biggest and most freewheeling players on Wall Street …

The war on charity and prosperity, part III  —  Marty Feldstein attacks on the president's proposal to reduce the rate at which high-income taxpayers can deduct charitable donations: … Let me try to awaken his imagination.  —  Here is the rationale: The deduction is deeply regressive.

Obama's Prime Time Pitch  —  Some exaggerations and misstatements from his evening news conference.  —  President Obama sometimes strayed from the facts or made dubious claims during his hour-long evening news conference March 24.  — He said his budget projections are based on economic assumptions that …

Treasuries Fall on Supply Concern as Seven-Year Sale Looms  —  Treasury 10-year note yields rose the most in more than two weeks after an auction of $34 billion in five-year notes drew a higher-than-forecast yield, spurring concern record sales of U.S. debt are overwhelming demand.

Modeling an FDIC Robbery.  —  I want to explain the Geithner Put for those without a finance background who want to understand how FDIC is going to get looted.  (Warning: Will contain graphs, and be long and boring even by normal standards here.)  Recap: Banks have “toxic waste” assets, which they want to sell.

White House announces tax reform task force  —  The Obama administration announced Wednesday that it is creating a task force to examine ways to simplify the tax code, close tax loopholes, lessen tax evasion and reduce corporate welfare.  —  The task force will be part of former Federal …

Gay Marriage in Vermont Faces Veto by Governor  —  BOSTON — Gov. Jim Douglas of Vermont said Wednesday that he would veto a same-sex marriage bill if it reached his desk, setting a new hurdle for a measure that had been moving swiftly through the legislature.