Current TV Dismisses Keith Olbermann  —  5:13 p.m. |  Updated Current TV said Friday afternoon that it had terminated the contract of its lead anchor, Keith Olbermann, scarcely a year after he was hired to reboot the fledgling channel in his progressive political image.

Will a Tea Party Supreme Court guarantee Obama a second term?  —  The court's conservative wing appears ready to engage in some despicable judicial activism on ObamaCare.  Politically, at least, the justices are doing Obama a favor  —  Recall the scorn toward health reform dripping from the lips of Injustice Antonin Scalia.

Arizona Outdoes Everyone With New Anti-Abortion Bill  —  Bills limiting the time period during which abortion is legal have proliferated in recent years as other states have followed Nebraska's lead and banned abortions after 20 weeks of pregnancy.  But a law under consideration in Arizona …

IRS not investigating Nikki Haley for tax fraud  —  South Carolina Gov. Nikki Haley's office Friday provided IRS documentation that she is not facing investigation for tax fraud, calling accusations that she was “totally contrived.”  —  Haley denied the rumors of a looming tax indictment on Thursday.

Barrett will run in recall election  —  By Daniel Bice of the Journal Sentinel  —  It took a little while, but Milwaukee Mayor Tom Barrett has finally decided whether or not to run in the upcoming recall election.  —  He's in.  —  In a Friday afternoon email to supporters, Barrett …

Wall Street Thinks It Knows the Future of Obamacare—Why?  —  Nobody except Justice Anthony Kennedy knows what will happen to Obamacare.  But Wall Street, whose predictive powers are dubious, thinks it does.  The proof is in the healthcare stocks.  —  The below chart shows Aetna's stock price the past week.

Federal court strikes down parts of Act 10  —  By Bruce Vielmetti and Patrick Marley of the Journal Sentinel  —  A federal judge in Madison on Friday ruled that portions of Act 10 - which removed most collective bargaining for most public employees - are unconstitutional.

Unpaid bloggers' lawsuit vs Huffington Post tossed  —  AOL Inc on Friday won the dismissal of a lawsuit by unpaid bloggers who complained they were deprived of their fair share of the roughly $315 million that the company paid last March to buy The Huffington Post website.

Willful Ignorance  —  This, from YouGov, tells you everything you need to know about contemporary race relations in a single, compact chart:  —  For 66 percent of white Americans to agree with this statement—"Irish, Italian, Jewish, and many other minorities overcame prejudice and worked their way up.

Romney campaign: Release all transcripts of all meetings with foreign leaders  —  Via National Journal, the Mitt Romney campaign ratchets up the transparency game in a novel direction, in response to a call for Romney to release decades' worth of tax returns:

Dem treasurer admits stealing $7M  —  Kinde Durkee, once a trusted treasurer to dozens of California Democrats, pleaded guilty in the biggest campaign embezzlement case ever to hit U.S. politics.  —  In a federal court in Sacramento, Durkee admitted to stealing more than $7 million …

MasterCard, VISA Warn of Processor Breach  —  VISA and MasterCard are alerting banks across the country about a recent major breach at a U.S.-based credit card processor.  Sources in the financial sector are calling the breach “massive,” and say it may involve more than 10 million compromised card numbers.

Obama Clears Way for Measures Against Iran  —  BURLINGTON, Vt. — President Obama has determined there is enough oil in world markets to allow countries to rely less on imports from Iran, a step that could increase Western actions to deter Tehran's nuclear ambitions, an administration official said Friday.

Mitt Romney's PAC Funded Anti-Gay Marriage Group Under The Radar … REACT:  —  FOLLOW:  —  Elections 2012, Mitt Romney, Video, Mitt Romney Gay, Election 2012, Free And Strong America, Marriage Romney, Mitt Romney 2012, Mitt Romney Gay Marriage, Romney Gay Marriage, Romney Gay Marriage Funding …

On the Run, Bin Laden Had 4 Children and 5 Houses, a Wife Says  —  ISLAMABAD, Pakistan — Osama bin Laden spent nine years on the run in Pakistan after the Sept. 11 attacks, during which time he moved among five safe houses and fathered four children, at least two of whom were born in a government hospital …

Is a Grand Bargain Worthwhile?  —  A question for Ezra Klein:  —  As a Clinton administration staffer, a question for Ezra.  Suppose we do a bipartisan deficit-reduction deal over the next two years.  Why don't you think that the next time the Republican Party gets back into power afterwards …

Committee drops complaint against Sen. Vitter for threatening official's salary  —  The Senate Ethics Committee has dismissed allegations that Sen. David Vitter (R-La.) attempted to “bribe” Interior Secretary Ken Salazar by blocking his pay increase until the administration issued more permits for offshore oil exploration.