Republicans Lower Goal for Cuts to Budget  —  WASHINGTON — Many people knowledgeable about the federal budget said House Republicans could not keep their campaign promise to cut $100 billion from domestic spending in a single year.  Now it appears that Republicans agree.

Gibbs to Leave as White House Press Secretary  —  Robert Gibbs, the White House press secretary and close confidante to President Obama, said Wednesday that he will step down and become an outside political adviser to the president and his re-election campaign.

Exclusive: President Michele Bachmann?  —  Sources: Tea Party Favorite Is Mulling a Presidential Bid in 2012  —  Forget the fervent chatter speculating that Tea Party favorite Rep. Michele Bachmann is considering launching a campaign to challenge Sen. Amy Klobuchar for the Minnesota U.S. Senate seat …

Tea Party leaders not swayed by Lugar meeting  —  Washington (CNN) - Hoping to head off a primary challenge from the right, Sen. Richard Lugar, R-Indiana, sat down with Tea Party leaders last month but did little to persuade them of his conservative credentials.

Speaker Pelosi Leaves With a Whopper  —  At her final press conference as House Speaker, Nancy Pelosi (D-CA) said, “Deficit reduction has been a high priority for us.  It is our mantra, pay-as-you-go.”  —  The numbers tell a different story.  —  When the Pelosi Democrats took control …

WikiLeaks: ‘Voluptuous’ nurse cable costs diplomat his job  —  WASHINGTON — In what appears to be the first diplomatic casualty from the latest WikiLeaks revelations, the U.S. ambassador to Libya has returned to Washington and is likely to leave his post, U.S. officials said Tuesday.

Repealing health-care reform would cost hundreds of billions of dollars — and Eric Cantor knows it  —  House Republicans are in a pickle: One of their new rules says that new legislation must be paid for.  But the health-care bill reduces the federal deficit by more than $100 billion over the next 10 years.

The Constitution is dead.  Long live the Constitution.  —  Every patriotic fiber of my body tells me that reading the Constitution aloud at the commencement of congressional sessions is a good idea.  Heck, a pop quiz might even be in order.  It is vital that members of Congress fully immerse themselves …

New Jersey Governor Leads Obama, 43%-40%  —  UTICA, New York - New Jersey Gov. Chris Christie leads a hypothetical field of contenders for the Presidential nomination among Republican voters, and is the only Republican tested who leads President Barack Obama among all voters …

‘Earmarks’ to nowhere: States losing billions  —  WASHINGTON — Almost 13 years ago, Rep. David McIntosh, R-Ind., directed $375,000 in federal funding “to improve State Road 31” in Columbus, Ind., a city at the edge of his district.  —  The McIntosh “earmark” seemed routine at the time …

Q.&A. With Gov. Mitch Daniels  —  Following are excerpts of my recent interview with Mitch Daniels, the Republican governor of Indiana:  —  Q. ...  what is it that government essentially does too much of now?  What's the common theme here of things that you can get government to stop doing without adversely affecting people's lives?

Norquist Triumphant  —  Digby: … The problem is not the deficit sez the Beltway.  The problem is government spending.  This is what Obama's Deal has wrought.  Grover Norquist has won.  As Digby says: … This victory for Norquist was achieved by the “most progressive President of ALL TIME!!!!!!!!”

Facebook Deal Spurs Inquiry  —  SEC Launches Review of 1960s-Era Disclosure Regulations for Private Firms  —  The Securities and Exchange Commission has begun examining whether disclosure rules for privately held firms need to be rewritten as a result of recent deals allowing investors …