Nato strike ‘kills Saif al-Arab Gaddafi’, Libya says  —  Libya's government took journalists to the site where they said Saif al-Arab Gaddafi was killed  —  A Nato air strike in the Libyan capital, Tripoli, has killed the son of the Libyan leader, Colonel Gaddafi, a government spokesman has said.

Romney clarifies as he proposes to ‘hang’ Obama with misery index  —  UPDATED  —  MANCHESTER, N.H. — Expected Republican presidential contender Mitt Romney tread on socially dangerous ground last night as he talked about the need to “hang” a misery index around the neck of Barack Obama, the nation's first black president.

WHITE HOUSE CORRESPONDENTS' DINNER 2011: SCENES FROM THE RED CARPET  —  POLITICO Slideshows require the Adobe Flash Player.  —  POLITICO brings you minute-by-minute coverage of the White House Correspondents' Dinner and the events leading up to Washington's biggest night below:

Obama's Medicare Appointee Has Accidental Encounter with Reality, Learns Nothing  —  I just read something that unleashed my inner teenager, because I want to respond with a combination of OMG, LMAO, and WTF.  —  Donald Berwick, the person appointed by Obama to be in charge of Medicare …

The Big Spill Over ‘Three Cups of Tea’  —  Nonprofits working in the developing world are now under intense scrutiny; a revamp in charity ratings  —  Rye Barcott (in Nairobi, above) has found it harder to raise money for his work in Kenya after questions were raised about author Greg Mortenson.

Bachmann uses Holocaust to illustrate tax point  —  MANCHESTER, N.H. (AP) — Minnesota Rep. Michele Bachmann on Saturday described the loss of “economic liberty” that young Americans face today as a “flash point of history” in which the younger generation will ask what their elders did to stop it.

Tempers flare at Pastor Terry Jones' Dearborn rally  —  Amid a heavy police presence, Pastor Terry Jones delivered a rambling speech Friday from the steps of Dearborn City Hall that lashed out at Islam and President Barack Obama, but much of his words were drowned out by the voices of a swarm …

Breitbart Punches Back on Maher's ‘Real Time’  —  Andrew Breitbart was confronted on HBO's Real Time with Bill Maher by liberal political analyst Laura Flanders.  Ignoring Maher's questions and moving on her own agenda for the show she challenged Breitbart to apologize to Shirley Sherrod.

Geithner Pries Away $30 Trillion Forex Derivative Market from Regulation  —  Zach Carter reports on a blow to efforts to regulate the runaway derivatives market.  Just as most derivatives are set to be put onto clearinghouses, Treasury Secretary Timothy Geithner exempted a large group of derivatives …

23rd Richest Member Of Congress: I'm ‘Struggling Like Everyone Else’  —  Rep. Denny Rehberg (R-MT), the 23rd richest member of Congress who owns millions of dollars in farm and ranch land, told an audience member at a town hall in Missoula yesterday that he and his wife “are struggling like everyone else” …

Discredited  —  The other day Paul O'Neill said that . . .  Oh, wait.  I suppose I ought to explain who Paul O'Neill is.  A decade ago, he was President Bush's first Treasury secretary.  I have no very clear memory of him except that he toured Africa with Bono and they were photographed …

Clinton: Supreme Court could rule against healthcare law  —  There's a chance that the Supreme Court could rule the so-called “individual mandate” in the healthcare reform law unconstitutional, but on the whole the bill will stay in tact, former President Bill Clinton said.

You Know Jack!  —  What have we learned?  —  Jack Layton was found naked in a whorehouse.  Jack Layton was found with, though not in, a 3rd World Sex Trade Worker.  —  Jack Layton alleges he frequented this whorehouse for “therapeutic massage”.  —  Jack's 3rd World Sex Trade Worker/Therapeutic Masseuse came from China.

Russia: Would ‘Enthusiastically Embrace’ Obama Second Term; ‘Completely Free Of Cold War Thinking’  —  From The Moscow Times:  —  Amid growing anxiety over whose name will appear on the 2012 presidential ballot, lawmakers and pundits were quick to welcome the news that one president …

Rick Perry, Texas governor, rips Obama's trip to tornado-devastated Alabama: What about our fires?  —  As President Obama meets with Alabama families affected by deadly tornados that swept through the South earlier this week, Texas Gov. Rick Perry is asking: What about us?