Deficit to Hit All-Time High  —  Obama's $3.8 Trillion Budget Forecasts a $1.6 Trillion Shortfall for 2010 Before It Drops  —  WASHINGTON—President Barack Obama will propose on Monday a $3.8 trillion budget for fiscal 2011 that projects the deficit will shoot up to a record $1.6 trillion this year …

‘Iran will deliver telling blow to global powers on Feb. 11’  —  Iranian President Mahmoud Ahmadinejad says the nation will deliver a harsh blow to the “global arrogance” on this year's anniversary of the Islamic Revolution.  —  “The Islamic Revolution opened a window to liberty for the human race …

Obama to Seek Sweeping Change in ‘No Child’ Law  —  The Obama administration is proposing a sweeping overhaul of President Bush's signature education law, No Child Left Behind, and will call for broad changes in how schools are judged to be succeeding or failing, as well as for the elimination …

Forces Pushing Obama on 'Don't Ask, Don't Tell'  —  WASHINGTON — President Obama and top Pentagon officials met repeatedly over the past year about repealing “don't ask, don't tell,” the law that bans openly gay members of the military.  —  But it was in Oval Office strategy sessions …

The Obama Spell Is Broken  —  Unlike this president, John Kennedy was an ironist who never fell for his own mystique.  —  The curtain has come down on what can best be described as a brief un-American moment in our history.  That moment began in the fall of 2008, with the great financial panic …

Hoekstra: Ax Xmas bomber remark is “crazy”  —  Following up on the theme I struck on the night of Scott Brown's victory: Despite all the Dem self-congratulation about the Trippi-Plouffe social networking political revolution, Republicans are absolutely killing Democrats when it comes to leveraging the web to go negative.

Media Notes: Jon Stewart's Obama barbs on ‘The Daily Show’ are creating buzz  —  Days before the 2008 election, Jon Stewart jokingly asked Barack Obama whether his “white half” would have trouble making a decision in the voting booth.  —  “Yeah,” the candidate said, “I've been going through therapy to make sure that I vote properly.”

Democrats squabble over jobs bill  —  Democrats from the president on down say jobs are their No. 1 priority, and Senate Majority Leader Harry Reid expects to announce details of a bill this week.  But a squabble among Senate Democrats is complicating early efforts to bring a bill to the floor.

Good and Boring  —  In times of crisis, good news is no news.  Iceland's meltdown made headlines; the remarkable stability of Canada's banks, not so much.  —  Yet as the world's attention shifts from financial rescue to financial reform, the quiet success stories deserve at least as much attention as the spectacular failures.

New Role Puts Anchor in Fox News Spotlight  —  First “America's Newsroom.”  Then “America's Election Headquarters.”  And on Monday, Megyn Kelly will begin anchoring a third all-about-America newscast, “America Live.”  —  “We're big on America here at Fox,” Ms. Kelly said in an interview last week.

PUTTING THE PENTAGON BUDGET ON THE TABLE?.... When the White House started talking up the notion of a spending freeze (which isn't really a spending freeze) last week, officials outlined a proposal with modest reductions in discretionary spending not related to national security.

Financial executives spent big on Brown  —  May be precursor to midterm elections; Obama's proposed regulations key issue  —  In a six-day span just before the US Senate election, Republican Scott Brown collected nearly $450,000 from donors who work at financial companies …

Lloyd Blankfein of Goldman Sachs ‘expecting $100 million bonus’  —  Goldman Sachs, the world's richest investment bank, could be about to pay its chief executive a bumper bonus of up to $100 million in defiance of moves by President Obama to take action against such payouts.

What Obama Isn't Saying  —  The apolitical politics of progressivism.  —  “I am not the first president to take up this cause, but I am determined to be the last.”  —  The words are those of President Barack Obama speaking to Congress on health care reform on September 9, 2009.

Glenn Beck Destroys Chris “I Forgot He Was Black For An Hour” Matthews

Dem. senators spent weekend with bank, energy, tobacco lobbyists  —  Twelve Democratic Senators spent last weekend in Miami Beach raising money from top lobbyists for oil, drug, and other corporate interests that they often decry, according to a guest list for the event obtained by POLITICO.