Hail to the Chiefs - Malia and Sasha Obama  —  Is anyone really surprised by the fact that President Obama came out of the closet for gay marriage?  What was most surprising is when he explained how his position (supposedly) “evolved,” by talking to his wife and daughters: … Let's pause for just one second.

JP Morgan: When basis trades blow up  —  I'm not sure if it was the biggest quarterly loss of all time, but Merrill Lynch's $16 billion loss in the fourth quarter of 2008 certainly ranks very high up there in the annals of investment-bank blowups.  It happened after the bank had already …

Former Romney Classmate Describes ‘Bullying Supreme’ - A ‘Pack of Dogs’ Who Targeted ‘Different’ Boy  —  A high school classmate of presidential candidate Mitt Romney told ABC News today that he considers a particular prank the two pulled at Michigan's Cranbrook School to be “assault and battery” …

Obama talks gay rights at Clooney fundraiser  —  * Guest list includes Salma Hayek, Tobey Maguire, Jack Black  —  * Dave Matthews performs at one of two Seattle fundraisers (adds quotes from Obama)  —  President Barack Obama called his endorsement of same-sex marriage a “logical extension” …

Records shed more light on Elizabeth Warren's minority status  —  A second law school, the University of Pennsylvania, has touted Elizabeth Warren as a minority faculty member in an official school publication, according to an online document obtained by the Globe.

Ten Most Disturbing Anti-Latino Practices Described By DOJ's Lawsuit Against Sheriff Joe Arpaio  —  Earlier today, the Department of Justice filed a formal legal complaint against Sheriff Joe Arpaio and the Maricopa County Sheriff's Office (MCSO) alleging widespread constitutional violations and lawless mistreatment of Latinos.

House votes to replace Pentagon cuts mandated by debt deal  —  The House voted Thursday to override steep cuts to the Pentagon's budget mandated by last summer's debt deal and replace them with spending reductions to food stamps and other mandatory social programs.

Will Time's Breastfeeding Cover Be Bad For Business?  —  Time's new cover.  Click to expand.  —  It's safe to say the folks at Time magazine weren't caught unawares by the controversy already boiling up around their latest cover, which features an attractive 26-year-old mother breastfeeding her almost-four-year-old son.

Exclusive: NARAL President Nancy Keenan to step down  —  At the end of this year, Nancy Keenan will step down from her post as president of NARAL Pro-Choice America, the country's oldest abortion-rights advocacy group.  —  The 60-year-old Keenan said she is leaving out of concern for the future …

Obama Ad Claims to Have Helped Man Get a Job, but Man Claims Employment Since 2006  —  Matt Negrin of ABC reports that “A new ad by Obama tells the story of Brian Slagle, an autoworker in Ohio who says he was laid off and ‘scared to death’ until the president swooped in to save the industry.”

Jonah Goldberg's desperation  —  The National Review hack is a unique figure: Striving for seriousness, but too lazy to achieve it … Jonah Goldberg is a syndicated columnist, author of books and National Review Online editor because his mother nearly took down Bill Clinton.

Policy adviser testifies Edwards wanted Supreme Court seat  —  GREENSBORO, NC — A delusional, two-timing Sen. John Edwards dreamed of a Supreme Court appointment, even as his political career crumbled under the weight of a seedy sex scandal, according to testimony today.

Clooney, Entertainment Industry VIPs Fête Obama at Record-Breaking Fundraiser  —  The president cracked Hope poster jokes on the actor's Studio City basketball court as guests ranging from Barbra Streisand to Robert Downey Jr. dined at $40k a seat.  —  Whether your notion of celebrity runs …

All 6 Wash. congressional Democrats favor repeal of gay-marriage ban  —  Updated at 4:20 p.m. with response from Norm Dicks's office:  —  WASHINGTON — President Obama's belated if unequivocal support for gay marriges puts him on the same side as at least five all six congressional Democrats from Washington state.

Missing Tennessee Girls Found Alive; Fate of Adam Mayes, Suspected Abductor, Not Immediately Clear  —  Investigators have obtained video from April 30, 2012, where Adam Mayes is seen wearing a white t-shirt in the County Line One Market on Highway 348 in Guntown, Miss. (Tennessee Bureau of Investigation/AP Photo)

Prominent Ron Paul Supporter Muses About Assassinating Mitt Romney  —  Adam Kokesh, a co-founder of Veterans for Ron Paul who received Paul's endorsement for his 2010 congressional run, contemplates a Romney assassination on his talk show.  The Secret Service promises a “follow-up.”