Democrats concede budget fight to Republicans  —  Senate Democrats abruptly abandoned an omnibus budget bill for the coming year, pushing major spending decisions into the next Congress and giving Republicans immense new leverage to confront President Barack Obama priorities.

The new comeback kid  —  If Barack Obama wins reelection in 2012, as is now more likely than not, historians will mark his comeback as beginning on Dec. 6, the day of the Great Tax Cut Deal of 2010.  —  Obama had a bad November.  Self-confessedly shellacked in the midterm election …

PolitiFact's Lie of the Year: ‘A government takeover of health care’  —  In the spring of 2009, a Republican strategist settled on a brilliant and powerful attack line for President Barack Obama's ambitious plan to overhaul America's health insurance system.

Exclusive: Sarah Palin on 2012 Plans, Double Standards for Women  —  Palin Says Thinking About Presidential Run Is a ‘Prayerful Consideration’  —  Sarah Palin is surveying the lay of the land to consider whether to make a presidential run in 2012, she told “Good Morning America” …

Royal snub for the Obamas: No wedding invite from Prince William and Kate Middleton  —  Oh, the humiliation.  Once not so long ago one of the world's top celebrities in his own right, Barack Obama and his wife Michelle did not make the cut for invitations to the royal wedding in London next spring.

The Limits of the Taxing Power  —  An interesting question emerges from one of my comment threads on whether or not congress should be able to use the taxing power to get over limits on its enumerated powers.  —  1) Can Congress enact a $50,000 tax on second term abortions?

In 500 Billion Words, New Window on Culture  —  With little fanfare, Google has made a mammoth database culled from nearly 5.2 million digitized books available to the public for free downloads and online searches, opening a new landscape of possibilities for research and education in the humanities.

Why is Obama leaving the grass roots on the sidelines?  —  In the wake of President Obama's deal to extend the Bush tax cuts to the wealthiest Americans, pundits have focused on how Obama has alienated the left.  But the issue isn't the left - it's the list.

In Seconds Before Blast, the Making of a Hero  —  BALAD RUZ, Iraq — As the suicide bomber clutched the detonator to his explosive belt, preparing to spray fire and shrapnel into a religious procession here, an Iraqi police officer named Bilal Ali Muhammad faced a choice between his own life and something larger.

NOW goes after Hooters for catering to kids  —  (12-16) 17:51 PST SAN FRANCISCO — The National Organization for Women filed complaints against local Hooters restaurants Thursday, but not for exploiting its scantily clad waitresses by subjecting them to leering and groping customers.

Tax Cut Bill Moves to the President  —  Just to mop this up, last night around midnight, the House of Representatives gave final passage to the tax cut bill.  The final roll call vote on the “Airport and Airway Extension Act,” the name of the shell bill used as a vehicle to move the legislation, was 277-148.

Boxes found — and mystery solved at Emanuel's home  —  The mayoral-race mystery of where candidate Rahm Emanuel stored boxes of personal items has been solved.  —  Attorneys for Emanuel visited the house he owns in Ravenswood at 1:30 p.m. Thursday, located the much-discussed “crawl space …

Columbia U. vs. the little guy  —  Tweet  —  We often hear politicians and pundits denounce property rights.  Property rights, we're told, protect the fat cats against the needs of the public.  They're a tool for keeping the little guy down.  —  Like a lot of what we hear from politicians and pundits …

Retailer praised after killing 3 robbers in Houston  —  In the back room of a humble jewelry store and pawn shop in Houston's East End Thursday afternoon, a gunman tied Eva Castillo's wrists tightly — too tightly.  She complained of the pain, so he loosened the bindings.

Flirty Models Were Hired in Bid to Find Bone Marrow  —  BOSTON — On its face, it seemed reasonable enough: a bone marrow registry sending recruiters to malls, ballparks and other busy sites to enlist potential donors.  —  But the recruiters were actually flirtatious models in heels …

Hollywood's Growing Chorus of Obama Criticism  —  Hollywood's adoration for President Obama has never really been all that shocking, but what may be surprising is how famous singers and actors are increasingly saying they aren't so happy with the commander-in-chief.

Muslim ‘Radicalization’ Is Focus of Planned Inquiry  —  WASHINGTON — The Republican who will head the House committee that oversees domestic security is planning to open a Congressional inquiry into what he calls “the radicalization” of the Muslim community when his party takes over the House next year.

Tax and Spend  —  I'm a tax enthusiast, in part thanks to the work of Lane Kenworthy.  But taxes are unpopular.  So unpopular, in fact, that a combination of political opportunism and psychic revulsion from advocating for tax hikes leads progressives to spend a lot of time dreaming up ways …

Wall Street Whitewash  —  When the financial crisis struck, many people — myself included — considered it a teachable moment.  Above all, we expected the crisis to remind everyone why banks need to be effectively regulated.  —  How naïve we were.  We should have realized …

With a star-studded guest list, ‘Larry King Live’ signs off for the last time  —  Lurching awkwardly between classy gestures and underwhelming torpor, “Larry King Live” breathed its last on CNN Thursday night, even if its star and founding father kept reminding viewers that though his program was ending …