ON THE GULF OF MEXICO (AP) – Black Hawk helicopters peppered Louisiana’s barrier islands with 1-ton sacks of sand Monday to bolster the state’s crucial wetlands against the epic Gulf of Mexico oil spill — 4 million gallons and growing. At the site of the ruptured well a mile underwater, a remote-controlled submarine shot chemicals [...]
Fox News: Mortgage giant Fannie Mae (FNM) bled another $13.1 billion during the first quarter, prompting the U.S.-owned company to request another $8.4 billion cash infusion from the Treasury Department. Fannie Mae, which was placed into conservatorship in 2008 amid enormous mortgage losses, said it lost $13.1 billion, or $2.29 a share, last quarter, compared [...]
LONDON (AP) – UK Prime Minister Gordon Brown says he will resign
Politico: Senate Republicans have been on the defensive over Wall Street reform since the start but, this week, will try to force Democrats to contend with their argument that the Senate bill simply goes too far. And they’re focusing on a single word in the massive regulatory rewrite: “significantly.†After failing to substitute their own [...]
Fox News: Let the examination begin. Senators pledged to scrutinize Solicitor General Elena Kagan in the weeks ahead after President Obama on Monday nominated her to the Supreme Court, choosing a candidate with no judicial experience but a reputation as a consensus-builder to succeed retiring Justice John Paul Stevens. Calling Kagan a “trailblazing leader,” the [...]
Washington Times: A controversial law passed in Arizona giving state and local police the right to arrest anyone reasonably suspected of being an illegal immigrant is catching on nationwide, with lawmakers and others in several states considering similar legislation. Concerned about the federal government’s failure to secure the nation’s borders, legislators and political candidates from [...]
Rasmussen: Congressman Joe Sestak has moved ahead of incumbent Arlen Specter in their Senate primary match-up with just over a week left before Pennsylvania Democrats go to the polls to pick their nominee. The latest Rasmussen Reports telephone survey of likely Democratic Primary voters in the state shows Sestak earning 47% of the vote while [...]
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THE HILL: Sen. Joe Lieberman (I-Conn.) said Sunday that the massive Gulf of Mexico oil spill helps make the case for passage of the climate change and energy bill that he’s rolling out May 12 with Sen. John Kerry (D-Mass.). Lieberman said on “Fox News Sunday†that he believes the bill can pass this year [...]
HERZLIYA, Israel (Reuters) – Israel is primed to wage war on Iran, a deputy to Prime Minister Benjamin Netanyahu said on Monday, in a rare break with his government’s reticence as foreign governments try to curb Tehran’s nuclear plans. By spearheading assaults on guerrillas in neighbouring Lebanon and Palestinian territories, the Israeli air force had [...]
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Nick Clegg LONDON (AP) – Pressure mounted Monday on Nick Clegg, the leader of Britain’s third-place Liberal Democrats, to make a decision whether to join the Conservatives in creating a new government or prop up Gordon Brown’s faltering Labour party. All three parties fear that a long period of uncertainty will rattle financial markets and [...]