Schwarzenegger fathered a child with longtime member of household staff  —  His wife, Maria Shriver, moved out of their Brentwood mansion earlier this year after the former governor acknowledged the child was his.  The staff member worked for the family for 20 years, retiring in January.

Iowan to Gingrich: Get out now before you make a bigger fool of yourself  —  Dubuque, Ia.  — Newt Gingrich got a not-so-nice welcome here today.  —  As he was getting ready to leave a speaking engagement Dubuque resident Russell Fuhrman approached him in the lobby of the Holiday Inn:

How Serious Was Donald Trump About 2012?  ‘More Serious Than...People Realize,’ Political Adviser Says  —  ABC News' Michael Falcone (@michaelpfalcone) reports:  —  Had Donald Trump decided to run for president he and his aides were planning an announcement event in an iconic location …

CINDY CRAWFORD FLIP-FLOPS FOR MITT ROMNEY  —  During her modeling career, Cindy Crawford was skilled at switching outfits.  Now, she's switching presidential candidates, it seems.  —  Eric Fehrnstrom, a spokesman for Mitt Romney, took to Twitter Monday to oh-so-subtly boast that Team Romney …

French Shocked by I.M.F. Chief's ‘Perp Walk’  —  As our colleagues Steven Erlanger and Katrin Bennhold report, “The arrest in New York of one of France's leading global figures and a possible next president, Dominique Strauss-Kahn, on charges of attempted rape produced an earthquake of shock …

LED bulbs hit 100 watts as federal ban looms  —  NEW YORK - Two leading makers of lighting products are showcasing LED bulbs that are bright enough to replace energy-guzzling 100-watt light bulbs set to disappear from stores in January.  —  Their demonstrations at the LightFair trade show …

Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayers [EXCLUSIVE] … WASHINGTON — A set of confidential federal audits accuse the nation's five largest mortgage companies of defrauding taxpayers in their handling of foreclosures on homes purchased …

Thompson plans to run for Senate  —  Tommy Thompson, the Republican former Wisconsin governor and George W. Bush's first secretary of Health and Human Services, has told friends he plans to run for the open Senate seat in Wisconsin, according to top Wisconsin sources.

In for Nasty Weather  —  Maybe it's because tenured professors are so disproportionately white male baby boomers that classic rock seems like a natural way to capture the sense that tenured faculty existence is vanishing.  —  First, summon the image of a tweed-clad, gray-haired professor exiting …

Black Confederates Revealed  —  Though they certainly didn't tell anyone: … I've spent much of my adult life studying various theories of race and racism, and the last few years in a rather intensive mode of study.  In all of that time one inescapable conclusion has dogged me: Race is such bulls**t.

Senate to vote on oil tax bill Tuesday  —  The Senate is set to vote Tuesday on the Democrats' controversial bill that would cut the tax breaks received by the big five oil companies.  —  Senate Majority Leader Harry Reid (D-Nev.) filed cloture Monday night on the legislation …

Nearly 20 percent of new Obamacare waivers are gourmet restaurants, nightclubs, fancy hotels in Nancy Pelosi's district  —  Of the 204 new Obamacare waivers President Barack Obama's administration approved in April, 38 are for fancy eateries, hip nightclubs and decadent hotels …

Cash-Rich Google Sells First Bonds  —  Google Inc. sits on $37 billion in cash.  But Monday it sold its first bonds, some $3 billion worth, to take advantage of corporate interest rates that are moving swiftly lower.  —  Tech companies have typically avoided debt offerings, choosing to fund operations from cash.

OOPS!  Historic ‘Spending Cut’ Bill Increased Spending By $3 Billion  —  Republicans stormed Capitol Hill in January vowing to slash discretionary spending by $100 billion right off the bat.  In their pledge to America, they promised that, “[w]ith common-sense exceptions for seniors …

Shared Scarcity versus Renewed Prosperity  —  Thank you so much, Anne, for the kind introduction.  —  I want to thank you all for inviting me to speak.  It was especially gracious of you to host me, even though I'm a Packers fan and I assume most of you are Bears fans.  —  But that doesn't mean we can't work together.

Without Dem help, GOP must pass spending bills on its own  —  House Republican leaders face a daunting task in the weeks and months ahead: passing a dozen spending bills opposed by Democrats.  —  Clearing the bills through the lower chamber will be a test for Speaker John Boehner (R-Ohio) …

The Debt Limit and Uncertainty  —  Over the last couple of years, a common conservative talking point about federal policy changes has been that uncertainty is dangerous.  When people don't know what future government policies will look like, the risk inherent in business investment is greater, without average returns being higher.

The Real Social Security and Medicare Problem (and a Doable Fix)  —  Bruce Bartlett has served as an economic adviser in the White House, the Treasury Department and Congress.  —  On Friday, the trustees of the Social Security and Medicare systems issued their annual reports for 2011.